Medical Device Funding and Resources to Jump Start Your Company

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Managing the Big Risk – The User presented October 11, 2018 by MaryBeth Privitera, PhD FIDSA

Dr. Chris Sasiela gave you a gift at this year’s 10x Medical Device Conference: A list of resources from the National Institute of Health (NIH) and their Small Business and Innovative Research (SBIR) program you may have overlooked.

NIH resources are extensive and include:

  • Up to $225,000 for your feasibility study and up to $5 million for companies creating FDA-regulated technologies
  • $100 million in grants each year for small business research from the NHLBI (National Heart, Lungs, and Blood Institute)
  • $800 million across all the divisions of the NIH annually
  • Advisors specializing in regulatory, small business, business development, investments, entrepreneurship, and many types of scientific advisors
  • A clinical specimen and data repository where you can leverage their clinical studies to validate your diagnostic
  • A video library including one clip about how to write an effective grant
  • Innovations created in academic labs that you might be able to incorporate into your company
  • Innovation conferences where they put you in front of a room of investors plus partnering with other forums

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