IPD Insight Accelerator Labs Overview
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An accelerator that helps close the gap between core technologies and commercial solutions. It provides user-centered design, research, and engineering services to clients globally to develop digital and physical products. The accelerator works with early-stage medical device companies to help bring their technologies to market through a 6-18 month program including mentoring, prototyping support in dry labs, and discounts on development services.
IPD Insight Accelerator Labs Overview
- 1. We provide user-centered design and innovation to clients on a global scale
- 2. We provide user-centered design and innovation to clients on a global scale We are a collaborative team of researchers, designers & engineers
- 3. We develop digital and physical products, services, and experiences We provide user-centered design and innovation to clients on a global scale
- 4. We close the gap between core technologies and commercialized solutions.
- 5. WE WORK WITH COMPANIES TO DEFINE, CREATE, AND CAPTURE VALUE TO DRIVE GROWTH.
- 6. OUR PROCESS
- 7. Define Provide focus and scale to the products, services, and experiences Deliver Develop and manage the individual components Frame Identify opportunities in new and existing markets
- 8. Over 350 Medical Development Programs Completed Since 1988
- 9. 30,000 hours of user research conducted in clinical environments
- 10. Understanding cultural and geographic variations to capitalize on global opportunities
- 11. Extensive Human Factors expertise to create FDA compliant devices
- 12. Electromechanical Innovation to turn core IP into tangible solutions
- 13. 280 patents, 36 industry Awards including 6 Medical Design Excellence Awards
- 14. 1 - improve care 2 - drive better outcomes 3 - reduce cost
- 15. to partner with top healthcare entrepreneurs to help drive innovation and local business growth that will have a positive impact on peoples lives OUR GOAL:
- 18. “Insight Accelerator Labs should provide a good home for companies that come out of the universities and are ready for the next step.” -AlanThomas University of Chicago April 10, 2013 FEATURED IN: Chicago Tribune, Sun Times, Inc Magazine
- 19. Family, Friends, University Super Angel SBIR Phase II Discover Market Need Business Planning/ Establish IP Feasibility-tech risk Series A+ FULL PRODUCT DEVELOPMENT/ COMMERCIALIZATION (FPD) MINIMUM VIABLE PRODUCT (MVP) Viability-prod risk Scalability - manufacturing risk An accelerator that helps close the gap between core technologies and commercial solutions MINIMUM FEASIBLE CONCEPT (MFC) Seed/ Angel SBIR Phase 1/II Grants/ Awards SBIR Phase1 V a l l e y o f D e a t h
- 20. MINIMUM FEASIBLE CONCEPT (MFC) Seed/ Angel SBIR Phase 1/II This is different than POC Tech &Value alignment Subsystem focused Provides low cost tech pivots Manufacturing influence Alignment to funding stages
- 21. Since joining Insight Accelerator Labs, Briteseed has raised a $1M seed round and was named Top Life Sciences Startup at the Rice Business Plan Competition.
- 23. An accelerator that helps close the gap between core technologies and commercial solutions Target Member Profile: Early stage medical device companies that have: ! • Initial funding • Protectable IP • FDA pathway • Reimbursement model • Target market and market fit
- 25. PROGRAM DURATION: 6 months renewable up to 18 months
- 26. 25 YEARS OF INNOVATION: An experienced cross disciplinary team & industry contacts
- 27. COMMERCIAL SUCCESS: 100+ medical products brought to market
- 28. MEDICAL DEVELOPMENT SERVICES: 20% discount up to 100K in development savings
- 29. STARTUP GUIDANCE: Mentoring and project management support
- 30. DRY LABS: Access and support required for grants through the labs
- 31. ! Our current member co. !1. VG-Bio 2. Briteseed 3. Caraseal 4. Healthy-Txt 5. (?)
- 32. Sponsor Value: ! • sustainable exposure to innovation in the healthcare space • scouting and vetting of technology aligned to strategic goals • early exposure to vetted relevant ideas • strategic feedback to local university exploration areas • engagement and recognition in local events (HealthTECH summit, WellTech summit) • deeper collaboration with Matter, CIM, 1871, Chicago Lean Startup, BuiltInChicago, and other groups
- 33. Thank You Steve McPhilliamy Executive Director, Insight Accelerator Labs smcphilliamy@insightacceleratorlabs.com 773 907 9500 www.insightpd.com