The global center for medical innovation accelerating medical device innovation in the southeast
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The Global Center for Medical Innovation “ Accelerating Medical Device Innovation in the Southeast ”. Southeast Region Technology Transfer Directors Meeting July 13, 2012. GCMI: Key Highlights. Non-Profit Founded Leading Academic & Healthcare Organizations: Georgia Tech

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The global center for medical innovation accelerating medical device innovation in the southeast

The Global Center for Medical Innovation“Accelerating Medical Device Innovation in the Southeast”

Southeast Region

Technology Transfer Directors Meeting

July 13, 2012


Gcmi key highlights
GCMI: Key Highlights

  • Non-Profit Founded Leading Academic & Healthcare Organizations:

    • Georgia Tech

    • Saint Joseph’s Translational Research Institute/Emory

    • Piedmont Healthcare

    • Georgia Research Alliance

  • Only Comprehensive Medical Innovation Center in the Southeast Region

  • Awarded i6 Challenge Grant by U.S. Dept. of Commerce

    • $1.0 MM grant to drive commercialization & entrepreneurship

    • Exclusive Southeast recipient

  • Awarded Facilities & Equipment Grants

    • $1.3 MM from US Department of Commerce (EDA)

    • $1.3 MM from Georgia Research Alliance

  • Officially opened April 18, 2012


Gcmi our mission
GCMI: Our Mission

The mission of GCMI is to accelerate the development and commercialization of next-generation medical devices and medical technology that can save lives and improve quality of life.


Critical market need for gcmi
Critical Market Need for GCMI

  • Medical Device commercialization and job creation is lagging in the Southeast.

  • Medical Device ideas, talent, IP and high value employment either fail to take root or are lost to other regions.

  • Root Causes:

    • Major infrastructure gaps

    • Lack of investment capital

    • Limited commercialization expertise available to inventors, startups and small companies


Gcmi our approach
GCMI: Our Approach

  • Focus on Region’s Core Strength – Medical Devices

  • Develop a Regional Network of Partnerships between Universities, Clinicians, Entrepreneurs, Investors and Industry

  • Facilitate Collaborative Projects, Grants, Resource and Expertise Sharing

  • Provide Independent Development Resource Capability

    • A Fully Equipped & Functional Prototyping Center

    • “One Stop Shop” for Commercialization

  • Enable STTR/SBIR Grants for Small Companies


Gcmi is providing the infrastructure for medical device commercialization
GCMI is Providing the Infrastructure for Medical Device Commercialization

DEVICE/DRUG

COMPANIES

INVESTORS

  • ADVANTAGES:

  • Access to Critical Resources

  • Provider of Key Services

  • Opportunities for Collaboration and Networking

  • Rapid Review and Funding of High-Potential IP

  • Cost & Time Savings in the Development Process

  • Access to Industry

EARLY-STAGE COMPANIES

UNIVERSITIES

RESEARCH CENTERS

CLINICIANS


Gcmi partner network
GCMI Partner Network Commercialization

“Complimenting the Collective & Collaborative Expertise, Experience and Capabilities of GCMI’s Member Organizations”

Program Development & Support

Expert Reviews

IP & Patent Support

Development Plans

Business Plan

Consultant Network

Project Management

Industry Partners

• Capital Investors

• Strategic Partnering

• License to Major Companies

• Establish Independent Companies

• Contract Management

Design,

Prototyping & Development

Center

IP Collaboration Opportunities

Pre-Clinical/GLP Testing

Promising IP

Grant & Investor Network

Advanced Imaging

Clinical Assessment

Quality Systems Support

Regulatory Affairs Support

IDE, 510k, PMA Application Support

CRO Network


Medical device development is a complex process
Medical Device Development is a Complex Process Commercialization

Concept

Plan

Design

Evaluate

Clinical

& Regulatory

Too Long

Critical Need = Go Faster


Prototyping development capabilities
Prototyping & Development Capabilities Commercialization

  • Design Engineering

  • Material & Mechanical Engineering

  • Rapid & Functional Prototyping

  • Basic Functional Testing

  • Certified Clean Rooms (Class 10K & 100K)

  • cGMP Clinical Production & Packaging


Prototyping development lab
Prototyping & Development Lab Commercialization

A sample of GCMI’s functional & rapid prototyping equipment available – capability to develop broad range of medical devices.


Gcmi membership
GCMI Membership Commercialization


Gcmi member benefits
GCMI Member Benefits Commercialization

GCMI Members are positioned as leaders in supporting the latest medical technology innovations and have first-hand opportunities to identify specific areas of involvement. GCMI prominently promotes members and services to a global audience.

Other benefits include preferred pricing and access to:

  • Prototyping, cGMP Manufacturing, GLP Preclinical Studies

  • Intellectual Property & Start-up Services

  • STTR/SBIR Grant Opportunities

  • Education Series

  • Marketplace for Intellectual Property

  • Industry Advisory Network

  • Corporate Partners Program


Prototyping development resources
Prototyping & Development Resources Commercialization

  • GCMI Members receive design & prototyping services at discounted rates.

  • Members are given scheduling priority on prototyping and cGMP manufacturing services.

  • Member organizations have access to the latest in prototyping technologies and access to validated cleanrooms without a major capital investment.

  • Leverage established network of prototyping & manufacturing resources that complement GCMIs services.


Ip regulatory commercialization guidance
IP, Regulatory & Commercialization Guidance Commercialization

  • GCMI facilitates intellectual property and start-up services to innovators and entrepreneurs.

  • GCMI supports and strengthens Member institution technology transfer resources around medical devices.

  • Partnership with e-Zassi provides access to InnoVision™ decision support tool, generating valuable regulatory, market and other product development insight.

  • Access to a network of industry collaborators and resources, connecting Member innovators to help their project move forward along the development path.

  • Attracts new technologies to the Center that potentially benefit Member organizations with individual projects.


Sttr grant assistance
STTR Grant Assistance Commercialization

  • GCMI is classified as a “Non-Profit Research Institution,” which allows GCMI to collaborate with small businesses on STTR awards.

  • GCMI provides a unique service to fund up-front support to help select medtech companies secure STTR grants and provide ongoing project support.

  • STTR grant thresholds are $150K for Phase I and $1MM for Phase II – R&D dollars.

  • Focus on collaboration & commercialization supports proposal and may increase likelihood of success.

  • The GCMI grant program will provide high quality grant writing/submission expertise without the need to hire new employees or redirect valuable human capital.


Gcmi education series
GCMI Education Series Commercialization

  • GCMI has created a quarterly Education Series to help Member organizations explore and understand medical innovation and entrepreneurship.

  • Members have priority registration.

  • GCMI will coordinate personalized education sessions for Members on a case-by-case basis:

    • Include regional experts

    • Broaden network across Southeast

    • Expand partnerships between academic and healthcare institutions


Industry advisors
Industry Advisors Commercialization

  • GCMI is building a network of experiences life sciences and device executives with specific areas of expertise who will be able to assist with specific commercialization initiatives.

  • Through GCMI’s Partner & Advisory Network, Member organizations will have access to:

    • Product development expertise

    • Specialized engineering expertise

    • Market analysis

    • Preclinical facilities

    • Seed funding

    • Clinical trials

    • Venture capital advisors


Building a regional network
Building A Regional Network Commercialization

  • Communication

    • Establish formal communication, site visits and regularly scheduled working sessions – identification of project managers.

  • Commercialization Grants

    • Identify and pursue innovation & commercialization grants through highlighting regional strengths.

  • Resource Sharing

    • Build complementary resources across Membership.

    • Attract industry, investment, talent.

  • Expansion of Regional Network

    • Bring together medical device development experts across the region.


Tiffany wilson karp tkarp@devices net 678 764 2383
Tiffany Wilson Karp [email protected]


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