A novel maturity index for assessing medical device startups.

ABSTRACT:

Background

Startup companies in the healthcare sector often fail because they lack sufficient entrepreneurial, regulatory, and business development expertise. Maturity models provide useful frameworks to assess the state of business elements more systematically than heuristic assessments. However, previous models were developed primarily to characterize the business state of larger nonmedical companies. A maturity index designed specifically for startup companies in the medical product sector could help to identify areas in which targeted interventions could assist business development.

Methods

A novel MedTech Startup Maturity Index (SMI) was developed by a collaborative team of academic and industry experts and refined through feedback from external stakeholders. Pediatric

SUBMITTER: Richmond FJ 

PROVIDER: S-EPMC9428664 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature