Information 

New Health and Medical Technology Development Opportunities

The National Science Foundation Small Business Innovation Research program offers small firms and startups new health and medical technology development opportunities that will companies to produce novel, marketable, problem-solving solutions. The attachments provide basic information about how your small firm/startup can obtain non-dilutive seed funding that will help your company succeed in 2022 and beyond. More importantly, the attachments outline specific information about new health and medical technology development opportunities in the following areas:

Artificial Intelligence

Biomedical

Digital Health

Medical Devices

Why Investors Don't Invest In Good Ideas

A brief 4 minute read regarding why your good idea is not enough to receive funding from a public investor, i.e., National Science Foundation Small Business Innovation Research program or a private sector investor, i.e., venture capitalist.

If your good health or medical technology idea cannot be successfully commercialized, monetized, and scaled, then investors are not interested.

Case Study: Dynamic Device’s Startup Business Model Development

Dynamic Devices is a health technology startup focused on solutions helping chronic health patients better monitor and manage their health conditions. The company is seeking to enter the crowded, competitive smartphone diabetes management app market with a solution addressing the needs of African-American women diabetics.

The proposed diabetes management app would be used by black primary care physicians, i.e., initial technology buyers, to treat and monitor African-American women diabetics.

In order to fund, develop, commercialize, monetize,  distribute, and scale the proposed smartphone diabetes management app, the company required a comprehensive, actionable business model. The business model, more importantly, needed to describe how Dynamic Device will conduct customer discovery and obtain continuous business development financing, which includes seed funding and early-stage capital.  

Dynamic Device approached Eighteen Ventures about preparing a business model. The completed twenty-four (24) page business model meet all of the company's requirements and will enable the small firm to implement a strategic growth document. 

Attached is a presentation illustrating how Eighteen Ventures researched and prepared Dynamic Device’s startup business model.

Contact Mr. Darrell Williams, at Darrell@eighteenventures.com, and learn about Eighteen Ventures' Business Model Service.

Workshop:Funding Your Startup From Product Development To Business Growth

Moving your health technology startup or MedTech startup from product development to business growth requires money. In fact, each business growth phase demands different types of funding. For example, a seed grant is used to conduct concept feasibility and produce a health or medical technology prototype. Other funding sources, such a convertible note, a working line of credit and a private early-stage investment, are needed for executing the Go-To-Market strategy, customer acquisition, and overall business growth.

This free interactive, virtual workshop provides information and illustrates the various funding sources, such as a seed grant, a convertible note, a working line of credit and a early-stage investment, required to move your startup from product development to business growth. In addition, it will cover what is needed to acquire the different funding sources.

Date: Wednesday, July 6th, 2022

Time: 11:00 AM - 12:00 PM Eastern Standard Time (EST)/8:00 AM - 9:00 AM Pacific Standard Time (PST)

-  Attendees can start accessing the meeting at 10:45 AM EST / 7:45 AM PST

Who Should Attend:

- Aspiring entrepreneurs seeking to startup a new company and produce a novel health or medical technology.

- Newly formed startups seeking to produce a novel health or medical technology and grow their businesses.

- Small emerging firms seeking to produce a novel health or medical technology and grow their businesses.

Registration: Please complete the registration form below. 

Registration Deadline: Tuesday, July 5th at 8:00 PM EST.  No more registrations will be taken after this date and time.