Medical Device Companies

Product Development Partnerships

Medical Device Companies are essential partners in the Biovantage Innovation Network. They provide vital business intelligence in the product development process, and they market biotechnology products to healthcare organizations worldwide.

Sourcing New Product Ideas

Alberta's post-secondary biomedical research system is rich in ideas and creativity. Biovantage is committed to supporting the translation of this research into the development of tangible, beneficial, and marketable technologies. For Medical Device Companies, these are the technologies that can help them to be on the leading edge of product innovation and to achieve and maintain market leadership.

Developing New Product Ideas

Medical Device Companies are in touch with the marketplace and are generators of product ideas with market pull. The Biovantage Network connects Medical Device Companies to the specialized knowledge, expertise and infrastructure in Alberta's post-secondary and healthcare systems that are sometimes necessary to turn innovative and advanced product concepts into reality.

The Advantages of Partnership

Partnering with Biovantage provides two primary benefits to Medical Device Companies:

• Access to resources - ideas, knowledge, infrastructure and technologies
• Risk Management - through provision of early-stage development funds and project management services

Access to Biovantage resources specifically allows companies to:

• Harness the brainpower of elite biomedical researchers and gain early access to emerging technologies
• Utilize state-of-the-art technology development infrastructure
• Obtain early-stage financial support for technology development and assessment activities
• Focus development efforts on actual market need
• Accelerate the regulatory approval process by integrating best practices early in development
• Streamline intellectual property management
• Achieve proof-of-concept milestones faster by testing prototypes in hospital ward environment