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BME IDEA Competition. Seeking and celebrating the finest in student biomedical innovations. BME IDEA Competition. Sponsored by NCIIA, Medical Design Excellence Awards / Canon Communications, llc, Industrial Design Society of America (IDSA), in partnership with

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Bme idea competition
BME IDEA Competition

Seeking and celebrating the finest in student biomedical innovations


Bme idea competition1
BME IDEA Competition

Sponsored by

  • NCIIA,

  • Medical Design Excellence Awards / Canon Communications, llc,

  • Industrial Design Society of America (IDSA),

    in partnership with

  • Biomedical Engineering Society and

  • the Council of Chairs of Bioengineering and Biomedical Engineering Programs

    We are seeking additional corporate and foundation sponsors to support contest expenses and expansion.


Bme idea competition2
BME IDEA Competition

30 Institutional Participants

as of October 4, 2004


Bme idea competition3
BME-IDEA Competition

Contest ObjectivesTo identify and recognize innovative, commercializable medical devices and technologies developed by entrepreneurial student teams. Winning entries will

  • solve a clinical problem;

  • meet technical, economic, legal, and regulatory requirements;

  • feature novel and practical designs; and

  • show potential for commercialization.


Bme idea competition4
BME- IDEA Competition

Structure

  • Participation is by invitation with one contest entry per school.

  • Interdisciplinary Teams

  • Categories: surgery, therapeutic applications, diagnostic applications, rehabilitative and assistive technologies, and home healthcare.

  • Participating teams receive a $500 stipend in the form of reimbursement for team expenses.

  • All competition transactions take place online, using a tool located at www.nciia.org.


Bme idea competition5
BME-IDEA Competition

Schedule

  • December 1, 2004: Registration deadline

  • April 15, 2005: Competition materials submission deadline (online)

  • April 16-June 15, 2005: Judging of entries

  • June 2005: Finalists announced

  • October 2005: Winners announced at BMES Conference


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BME-IDEA Competition

Judging

  • Initial judging will take place in conjunction with the MDEA conference in June 2005

  • Judges will be drawn from MDEA panels along with appropriate faculty from BME and Business


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BME-IDEA Competition

Criteria: Entries will be judged on

  • Technical feasibility

  • Clinical utility

  • Economic feasibility and market potential

  • Novelty and patentability

  • Potential for commercialization

  • Benefit to quality of life and care


Technical feasibility
Technical Feasibility

  • Ability of design to meet customer needs and solve clinical problem

  • Ability of design to meet technical and performance requirements

    • Applicable industry standards (ASTM, AAMI)

    • Compliance with regulatory requirements (FDA, ISO, EU)


Clinical utility
Clinical Utility

  • Design features that provide enhanced benefits to patients or end user

    • Comfort, fit, safety, serviceability, etc.

    • Overall improvement of healthcare

  • Potential for design to

    • Impact quality of life, and quality of care

    • Reach underserved populations


Economic feasibility and market potential
Economic Feasibility and Market Potential

  • Ability of design to meet cost constraints

  • Potential to meet needs of market

  • Ability to serve large share of potential market

  • Potential for device/technology to obtain regulatory approvals


Novelty and patentability
Novelty and Patentability

  • Innovative use of materials or components

  • New application of existing technologies in design of product

  • Innovative manufacturing process or design changes that significantly reduce manufacturing costs

  • Potential for patentability


Potential for commercialization
Potential for Commercialization

  • Assessment of potential market success

    • Market analysis

      • Market need and size

      • Estimated manufacturing cost, selling price

      • Reimbursement status

    • Anticipated regulatory pathway

    • Assessment of patentability & prior art

    • Business plan


Bme idea competition8
BME-IDEA Competition

Awards and Recognition

  • Prizes will be awarded in a ceremony at the BMES conference in October 2005.

  • Prizes will include cash awards of $10,000 and product development and commercialization resources, including recognition in Canon llc publications.


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