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Competitive Edge
Creating your Unique Value Proposition to gain your Competitive Edge.
Curated by Marc Kneepkens
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How to improve your medical device startup's funding chances

How to improve your medical device startup's funding chances | Competitive Edge |
Tips & best practices you can use to improve your medical device startup's funding chances by showing tangible progress.

Product development of any kind is challenging and full of unknowns, obstacles and pivots.

Medical device product development is certainly no different.

With med devices, when you throw in regulatory bodies, such as FDA and others internationally, it only complicates matters further.

However, when you ask entrepreneurs and startups in the medical device industry to define their single biggest challenge, their response is overwhelmingly clear:


Which kind of stinks. Especially for all those that have a fantastic idea for a medical technology that could improve the quality of life.

Seldom is having a good idea enough to secure the funding necessary to bring a new device to market. Unless you have quite the track record.

So what do you do? I mean everything during the medical device product development process requires funding. Right?

For the most part, yes. And there are things you can do to increase your chances of funding by reducing the business risk and starting to bring your idea to practice. To read more click on image or title.

Learn more about funding, find great funding sources, get a free business plan template, post your funding request for free, and more:

Marc Kneepkens's insight:

#Medical device development and marketing is different. This article brings some clarity on increasing your chances to get funded.

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Rescooped by Marc Kneepkens from Mobile Cloud Computing And Beyond!

8 Mind-blowing Uses of Wearable Technology (Seriously...)

8 Mind-blowing Uses of Wearable Technology (Seriously...) | Competitive Edge |
Some of the most interesting applications of wearable technology will come from the fusion of technologies such as artificial intelligence and big data.

What would your colleagues say if you asked them what wearable technology was, or what it can do?

You’ll quickly hear about smart watches like Samsung’s Galaxy Gear, fitness trackers like those produced by Fitbit and smart glasses projects like Google Glass.

As for what these products can be used for, after a bit of thought most people would come up with a few sensible use cases – like taking pictures using voice commands, keeping track of your daily calorie expenditure or receiving inbound messages.

Now try asking what wearable technology might be used for in the future – as in 10 years in the future?

It’s at this point that you’ll probably start getting blank looks.

In this research paper we describe 8 remarkable use cases for wearable technology that we believe will become possible within 10 years.

These 8 use cases are several full market cycles ahead of those that Google has  envisaged for Google Glass.

Some of the most interesting applications of wearable technology will come from the fusion of three different technologies:

Advanced wearable products: The three main wearable technology product categories are body sensors, smart glasses and smart watches. We expect dramatic improvements in all three categories in the coming years - in terms of capabilities, optimization of the user interface, size, battery life and price;
Artificial intelligence (AI) platforms: Technologies like Now (Google),  Siri (Apple), Cortana (Microsoft) and, most recently, IBM’s decision to provide mobile app developers with access to its supercomputer platform, Watson point to a future where it will be possible for users to carry out advanced web tasks simply by speaking or, in some cases, just thinking;
Big data: Whether it is the location of an individual, data about an individual’s search history or ad preferences or even information about what that person was looking at 30 days ago there is no shortage of data. If developers can gain opt-in programmatic access to very granular data about a user’s behavior – a goal that is extremely important to Google – then a whole panorama of new service possibilities will open up.

We think that when all three of these technological ingredients are combined then some truly remarkable and, in some cases, rather unsettling use cases will become possible:

To read the full article, click on the image or title.

Get your Free Business Plan Template here:

Via Richard Platt, Fang Yang
Marc Kneepkens's insight:

It's as if a door opens to a whole new industry. Many more startups with great ideas will take advantage of this and find their niche. Great article.

Richard Platt's curator insight, March 12, 2014 1:36 PM

8 Use Cases for Wearables, not so mind blowing as this list is not something that we haven't seen before, (if you read my postings), and this isn't the whole list of use cases for wearables, this industry is just getting started.

Rescooped by Marc Kneepkens from Wearable Tech and the Internet of Things (Iot)!

7 wearable technology roles that will change the world

7 wearable technology roles that will change the world | Competitive Edge |
As the world of wearables continues to grow, Adecco has created an infographic of 7 wearable technology roles that will change the world.

Wearables, wearables, wearables. Along with words like ‘cloud security’ and ‘internet of things’ that’s all I seem to hear about at the moment.

Not that I’m complaining, I love wearables and I am definitely not the only one who does. Wearable devices in the form of smartwatches and fitness trackers have taken the world by storm, with 10 million devices sold in 2014.

There are wearables in the market now that can change your mood, track your sleeping habits and bring an end to jet lag and that’s just in the consumer side; wearables are also being deployed in the enterprise with a host of use cases available.

This industry boom – which is only just beginning – brings with it a wide variety of job roles, some of which are yet to be created, such as IoT trainers, technology implementation managers and IoT-specific engineers.

To shed some light on the new job roles that will become available, Adecco has created an infographic of 7 wearable technology roles that will change the world, which can be found below. Read more: Click image or title.

Need funding?

Get your Free Business Plan Template here: http://bit.l/1aKy7km

Via Richard Platt
Marc Kneepkens's insight:

Technology is creating more applications in wearable, IoT, cloud security and more all the time. The new jobs resulting from that are well paid and will need to be filled in the next few years. Follow the trends and be in demand.

Richard Platt's curator insight, June 28, 2015 3:40 PM

The infographic on the webpage is like an all-in-one, definitely a good capture of what is getting traction in the world of wearables.