2022 Medical Device Innovation Challenge Application Period has ended.
2023 applications will open January 1, 2023.
The CNYBAC Medical Device Innovation Challenge is a 6-month mentorship / network expansion / resource rich program for early stage innovators. MDIC accepts 5 teams to participate in the annual program. To date, 28 teams have graduated from the program and have amassed milestone achievements during and following their participation. The MDIC serves as a complement from and a pipeline to other incubation/acceleration programs.
Applications are accepted January 1 through April 30 each year and are reviewed through a due diligence process performed by The Innovation Law Center, Syracuse University. Participants are selected by the MDIC Review Committee - interviews may be convened to assist in team selection. The program starts August 1 (some teams receive early commercialization research in advance of program start). You may participate virtually or on-site. If on-site, you receive 6-months of free work space in the CNYBAC Creation Garage, 841 E. Fayette St., Syracuse, NY. All selected teams can utilize this facility at any point in time during the program.
View our Graduate MDIC Team Milestones
CNYBAC Medical Device Innovation Challenge (MDIC) Two-step Application Process
Step 1: Confirm Eligibility
To be eligible to apply you must meet all of the following:
Step 2: Complete Application/Submit by April 30: https://www.cnybac.com/medical-device-innovation-challenge-in-the-national-grid-creation-garage/mdic-2020-application/
From just a few of our graduates:
“We are so grateful for the help that MDIC has provided to us. They introduced us to Syracuse University – where we worked both with the biomedical engineers in the Capstone program on the redesign of the prototype and with the Law Department on patent review. They introduced us to investors. They provided invaluable feedback and advice. We are incredibly lucky that we got accepted into the program and recommend it whole-heartedly to anyone in the early stages of developing their medical device.” Katya Sverdlov, CFA, Esq., Co-founder, CEO, JelikaLite (2021 Graduate)
“MDIC provided a diligent and highly accomplished interdisciplinary team of industry professionals who provided the needed mentorship, connections, and perspective to help my company accelerate its growth and development. Time and time again, these mentors have been invaluable to our success and I offer my most enthusiastic support for this incredible program.” Longsha Liu, CEO & Co-founder, Vita Innovations (2020 Graduate)
“Wow, the resources and knowledge we gained through the MDIC program were extremely valuable! Access to the clinicians at the Upstate University Hospital gave us so many insights into new pathways for our product. Our investment and participation in the MDIC program have given back to us 10 fold!”
Dwight Cheu, CEO, ZEPHYRx (2019 Graduate)
“MDIC brought together a team of knowledgeable mentors who provided valuable advice and connections. The process has helped us think through the challenges ahead and prepare for our next stage of development.” Ted Eveleth, CEO, Halomine (2019 Graduate)
“The connections to universities and organizations in the central New York area and beyond has been invaluable for us. The program helps us be capital efficient while making a lot of progress. We’ve also connected with engineering/produce development and regulatory mentors throughout the program, which has enabled us to make a ton of progress in a relatively short period of time. I couldn’t recommend the MDIC program enough.”
Souvik Paul, CEO, Aurie (formerly CathBuddy, 2019 Graduate)
For questions or more info call 315-464-9288, 315-464-9290 or email email@example.com