Medical Technology Boot Camp

Program description:
This immersion seminar provides an overview to considerations and resources for commercialization of research-driven innovations in health care.  The session will be conducted by leaders from the MN-REACH program, as well as experts from the Center for Translational Medicine, the Medical Devices Center, the Office for Technology Commercialization, and the Carlson School of Management.  The curriculum is drawn from MIN-Corps, the NSF-funded education program to accelerate technology commercialization at the University of Minnesota.  

Topics will include:

  • MN-REACH Overview
  • Identifying & Defining a Commercializable Solution
  • Intellectual Property & Technology Transfer
  • Product-Market Fit:  Customer Segments & Value Proposition Design
  • Market Assessment
  • Commercialization Milestones & Regulatory Considerations
  • Academic Roles in Commercialization
  • Medical Innovation Commercialization Ecosystem in the Twin Cities

Intended audience:
The seminar is open to University of Minnesota faculty, staff and student health care researchers who want to learn more about the commercialization process, as well as the resources available to support bringing an innovation to market.  The information will be especially helpful to researchers planning to submit a Letter of Intent to apply for a MN-REACH medical research commercialization grant. 


Comments from previous Med Tech Commercialization Boot camp participants:

“I think the biggest issue that I hadn't thought of was working towards a target consumer so early in the technology development. I can see how this would help tailor the experiments required to bring the technology to the market in a more streamlined fashion.”

“I was surprised by the requirement for fine tuning the first application of the technology. This was a real reality check, and explains the difficulties in creating a successful business.”

Comment from Allison Hubel, Professor of Mechanical Engineering, CEO of MesoFlow (a medical technology startup), and co-Principal Investigator for MN-REACH:

“The Boot camp was well attended and informative.  As a big part of this process involves culture change, it was a good opportunity to start connecting innovators here at the U of MN to the strong ecosystem that will support them in their endeavors. It was important to start exposing faculty and their teams to issues associated with intellectual property, regulatory processes, understanding the market and business canvas development.”