Living Innovation Blog
A blog about important topics for medical device and healthcare innovators.
Press Release: Ximedica Senior Industrial Designer Juror For 2017 Spark Awards
Ximedica sits at the leading edge of many boundaries of new technology, and often our technical teams are frustrated. Deeply and fervently, our team wants to see creativity and human-centric design behind all new technologies and to have patients’ lives genuinely improved by new innovation. Forces of commercialization often make this humanity-based pursuit difficult. In a hurry to get to an early prototype, startup CEO’s skip crucial steps of essential user-focused design. Desperate for the next home run (or even single, double, or triple) investment, venture capitalists seek out proof of concept and data, but often forget to ask whether human factors have been considered. Does the product please the clinician? Does the patient feel comfortable using the product?
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Posted on Nov 21, 2017
3 Keys to a Higher Value Launch for IVD
Launching a new IVD technology can involve many hurdles and risks, but investment dollars abound for technologies that can demonstrate significant value in the healthcare market. "Investment and fundraising in the healthcare ecosystem saw a banner first half of 2017, driven in part by advancements in artificial intelligence and machine learning for healthcare applications and a surge in Series A investments," according to Silicon Valley Banks' Healthcare Investments and Exits Report 2017. As these new technologies hit the market, the diagnostics industry is seeking innovation models with clear ROls that manage investor risk.
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Posted on Nov 14, 2017