Article Courtesy: Centerstate CEO
The Central New York Biotech Accelerator (CNYBAC) is holding the fifth round of its successful Medical Device Innovation Challenge (MDIC). Applications will be accepted by the CNYBAC until April 30, 2021. CenterState CEO works closely with the CNYBAC to build the innovation ecosystem for biotechnology firms.
The CNYBAC will select up to five MDIC U.S.-based teams to receive intensive mentorship by quality, regulatory, CEO and other experts throughout the six-month program. Teams may elect to participate virtually or receive free workspace on-site within the CNYBAC Creation Garage with access to its Stratasys F170 3D Printer and shared equipment. To be eligible to apply, an applicant must be a U.S. citizen, and have an idea or be in early-stage commercialization of a medical device per Food and Drug Administration medical device definition. Additional opportunities include:
- Paid stipend for commercialization services through the Syracuse University College of Law Innovation Law Center
- Access to Student Engineering Capstone Design Programs
- Food and Drug Administration Regulatory Guidance
- Expansive Innovation Ecosystem and Networking opportunities
- CNYBAC Concept to Commercialization Virtual Series and Manufacturing Workshop
Sheridan Heinrichs, a 2018 MDIC graduate, markets her product — the Patient Transfer Scale — through a partnership with Marsden and Health o meter.
This program has been successful at launching entrepreneurs and their device ideas into businesses that can attract investors. A graduate of the program, Souvik Paul of CathBuddy, had this to say about MDIC: “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/product development and regulatory mentors through 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.”