Sprout found himself in a bad situation when his momma pig fell on him. This is a huge problem in the farming industry. According to Matthew Rooda, CEO of startup SwineTech says that 116 million piglets died last year because of this and his company is on a mission to make sure that number drastically decreases. Their product Swineguard detects piglet squealing then delivers a small shock (similar to a dog collar) to the momma pig so she moves out of the way and doesn’t crush the piglets.
As for Sprout, he’s in good hands with his community of humans taking care of him at Crossfit North Reston, where his owner Melissa works out. The crossfit community has really stepped up to rally around saving little Sprout who was almost put down from his injury. Now, his road to recovery includes specific exercises to strengthen his muscles but could use your help. Since you all come from a background in medical technology, what other ideas do you have that can help little Sprout?
Medical Device Tax Repeal
This past week, Washington was abuzz with what will happen if the ACA is repealed. For medical device manufacturers, the question about the medical device tax repeal is top of mind. This tax, a 2.3% for innovation on new products, was enacted to raise funds for the ACA. It was so unpopular and stifled innovation so it was suspended for 2016 and 2017. The battle has begun to see what will happen in 2018.
The tough thing for the industry to swallow was that medical device manufacturers were taxed pre-revenue, making it difficult for the entrepreneur or startup to get their business off the ground. That lead to the suspension.
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Want to hear from real startups about their journey in medical device development? You got it right here…
When I was at the OCTANe Medical Device Investor Forum recently, I had the chance to interview several startups about their journey, what their technology is, and what advice they would give to someone just starting out. They’re battling the rough waves of development but they get right back on their board when they fall off. I hope this inspires you to do the same and IMUA with your idea!
- The best part of a startup journey according to Rich Hanson of PhageTech and Byron Shen of Velox Biosystems [5:18]
- A brief history of Milk Tracker by Avento Technologies [6:52]
- The hardest part of being a startup according to Mandy Gagedeen of SugarCube [10:22]
- Why it’s important to know how fit and adjust personality and leadership style in startups from Neto Sosa of Velox Biosystems [12:05]
- Why startup is more than just building a business or being cool [14:41]
Jiji the Penguin from the Mind Research Institute:
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Got an Idea for a Medical Invention? Here’s What to do Next.
Ever wondered what to do with that great idea for a medical invention? Meghan Alonso walks you through actionable steps and gives options for you to drive your product forward so it reaches the many lives it can impact.
Ready to dive in?
Apply for the new FREE BETA version of “Invention Idea to Profitable Product” here
OR you can text the word INVENTION to 44222.
- How to be one of the lucky 10 to get free access to our program [1:16]
- Got an idea for a medical invention, now what? [2:49]
- How to validate your idea and Identify your target market [5:22]
- What can you do with your idea to keep things moving forward? [7:43]
- Connect with people who can get you to your goal [10:58]
- Find strategic partners [13:16]
- Check out how we can help you get started [14:19]
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Bill Carpou, president of OCTANe talks about the upcoming Medical Device Investor Forum, how Launchpad helps companies, and why Southern California is a great place to start a company. Find out what resources are available to you as an entrepreneur.
Have an idea for a medical product? Join the program for FREE as a beta tester here or text the word invention to 44222 to stay updated about our November 1 lauch!
- The Medical Device Investor Forum [3:20]
- How Octane is structured [8:20]
- How Visionary Ventures finds their companies [11:50]
- How Launchpad helps companies [13:00]
- Why San Diego is a great place to start a company [21:45]
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John Livesay, referred to as the “Pitch Whisperer”, helps startups get the funding they need by helping them refine their pitches. He explains why the jockey is more important than the horse, as well as the role empathy plays in startups. Learn how to weave stories in to your pitch and wow investors.
Developing a new product and want to know what to do next? Join our NEW FREE BETA PROGRAM here or text the word INVENTION to the number 44222.
- How John helps improve pitches [2:31]
- The biggest mistake people make when pitching [3:10]
- How your pitch should involve throughout the process [12:10]
- Examples of how John helps Start-Ups [14:15]
- Key takeaways from John’s experience [19:00]
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