1. 0 Biomedical Engineering Society Annual Meeting - Nashville, TN Presentation to the Biomedical Engineering Society October 2, 2003 Biomedical Engineering Innovation, Design & Entrepreneurship Contest Phil Weilerstein, NCIIA Jay Goldberg, Marquette University

2. 1 Vision A national biomedical product design competition: competitive opportunity to learn about the design, development and commercialization process brings the academic and industrial biomedical engineering communities together to learn, and create commercially valuable innovations.

3. 2 Goals To encourage and recognize the development of innovative, commercializable medical devices and technologies by entrepreneurial student teams (E- Teams) from BME programs and other disciplines. Create awareness and interest in entrepreneurship among students and faculty Expand engagement of industrial partners in the educational process

4. 3 E-Teams E-teams are multidisciplinary teams of students, faculty, and industry advisors who work together to develop a product or technology with potential for commercial success. E-Teams bring learning beyond the classroom and into the real-life experience of commercial development.

5. 4 Objectives –a self-sustaining, high quality competition –opportunities for hands on experience in product design, development, and entrepreneurship –a forum for emerging resources and best practices

6. 5 Who is involved? –Graduate and undergraduate students: In teams originating from senior capstone design courses In independent teams –Academic departments or schools –Professional clubs or societies

7. 6 Requirements –Engineering, science and business students (at least one BME student per team) –Faculty advisor/sponsor –Industry mentors –Funding –Access to laboratories, shops, etc.

8. 7 Schedule October ‘04: Initial entry/statement of intent – Short descriptive entry – Multiple teams at local level –Semifinalists selected in early spring –1 per school June ‘05 - Final entry due –Winners announced at BMES

9. 8 Application Full application includes –Objectives –Design documentation –Prototype of design –Proof of solution –IP summary (min. of prior art & patentability) –Regulatory pathway and strategy –Market analysis –Condensed business plan with strategy for commercialization

10. 9 Evaluation Criteria Meets needs of a clearly identified customer Solves a clinical problem Innovative solution that meets technical, market, regulatory & legal requirements Novelty and utility of design Potential to reach underserved populations Commercialization potential Ability to execute plan

11. 10 Judging Panels of judges including representatives from industry, academia & clinical settings will evaluate finalist proposals potentially in concert with an industry product design contest.

12. 11 Progress Draft proposal reviewed by planning group Council of Chairs endorsement Identified 30+ institutions for pilot launch Developed larger planning group Industry group endorsement pending

13. 12 Get Involved Phil Weilerstein, Executive Director pweilerstein@nciia.org NCIIA 100 Venture Way Hadley, MA 01035 Tel. (413) 587-2172 Fax. (413) 587-2175 www.nciia.orgwww.nciia.org info@nciia.orginfo@nciia.org Jay Goldberg Director, Healthcare Technologies Mgt Program; Assistant Professor of BME Biomedical Engineering Marquette University Milwaukee, Wisconsin 53201 jay.goldberg@mu.edu 414.288.6059