Excerpt From BioDesign The Process of Innovating Medical Technologies by Paul Yock, Josh Makower, and Stefanos Zenios Cambridge University Press, 2010 IDENTIFY --> INVENT --> IMPLEMENT THE 6 STAGES of MEDICAL DEVICE DEVELOPMENT 1) Identify -- Needs Finding strategic focus, need statement 2) Identify -- Needs Screening disease state, treatment options, stakeholder/market analysis, needs filtering 3) Invent -- Concept Generation ideation, brainstorming, concept screening 4) Invent -- Concept Selection intellectual property(IP), regulatory and reimbursement concerns, prototyping 5) Implement -- Development Strategy and Planning strategy for research/development, clinical use, IP, regulatory, quality, marketing 6) Implement -- Integration business plan, operating plan, financial model, funding sources, licensing see website www.ebiodesign.org Quotes to inspire Needs Finding --> If you want to have good ideas, you must have many ideas -- Linus Pauling, Nobel Prize, BioChemistry If I had asked my customers what they wanted, they would have said a faster horse. -- Henry Ford