Samsung at ACL… Baller!
I’m planning to revitalize biomedengine as It’s been a little over a year since I’ve paid much attention to this blog. Before, I was using this site as a public reference list of the biomedically relevant things I came across on the internet. This was interesting, but I’d like to make a change, and one of the main reasons is that I want to re-shaping this blog as a means to connect to the medical device start-up community.
Since I’ve been away from tumbler, the landscape around me has changed quite a bit. I graduated and made the transition from academia to industry and have been lucky enough to see my hard work recognized and net me a Principal Scientist job at a start-up medical device company. This happened more quickly than I expected, and one of the better ways I found out that small companies never fail to surprise. If I listed off the accomplishments our small team has performed in the last year it would amaze, and baffle as we still haven’t sold a single product, yet we are still on a path of success (and paying our bills). On the other side I’ve seen the way financial necessity begets marginalization of the people that built a company from scratch. There are many dramas and rewards of the small medical device world, and I think most of us here are willing to put up with this highly regulated and diverse field because we are hoping to beat the odds in an altruistic industry.
In the beginning, I did not think it would be as rewarding and had not idea what to expect. I found that what you say and do will have a major impact on the direction and day-to-day work, and one of the biggest advantages has been getting to take-on almost every company role. This has included building prototypes, working directly with patients in the ICU, doing research with academic collaborators, and writing grants, contracts, and FDA submissions. On the flip side, we are never doing the same thing from one quarter to the next, working past 2 am to hit deadlines, and are sometimes worried how much longer the money will last. It’s hard for me to say at this point if there is anything normal about my experiences, but I would recommend giving it a try in any capacity.
At any rate, I’m on a discovery path to find out where people get the ideas that initiate start-up companies in the medical industry, and how the small percentage of start-ups that reach their exit strategy were able to achieve their success. I’ll share what I find, and am happy to take any recommendations.
Going out with one of Steven Johnson’s TED talks, where good ideas come from.
Some notable segments…
Ideas are not singular and are like a network stitched together from whatever ideas happen to be around.
People often incorrectly recollect where an idea took place or the amount of time it took to form.
“Value connecting ideas, not protecting them”
“Chance favors the connected mind”
Preimplantation genetic testing. Useful for pre-selecting embryos that will:
Create babies that do not carry debilitating genetic mutations that have been in you family history.
Create babies to be a matching bone marrow donor for someone in your family who needs a bone marrow transplant; such as in multiple myelome or leukemia.