How and When Do I Introduce My Medical Device Concept to Potential Buyers?
Normally, a Buyer will want to see a device in limited production with good initial sales penetration. One step back, at far less cost to the inventor, is a functioning prototype with defendable IP and successful clinical trials behind it. Further back are illustrations and mock-ups of the concept, patent pending, KOL endorsement and market research to defend the idea. The earlier the involvement, the less likely a buyer will buy all the rights, and may simply invest in ongoing development to seize a lion’s share of the potential profits. At any stage, BH can assist you in illustrating your ideas into a compelling presentation, design and build proof-of-concept prototypes, and of course help you to realize the final commercial design, rapidly and as cost-effectively as possible.