CNYBAC offers 2023 Medical Device Innovation Challenge
The Central New York Biotech Accelerator (CNYBAC) is now accepting applications starting January 1, 2023 for its 2023 Medical Device Innovation Challenge. The deadline to apply is March 31, 2023.
Syracuse University faculty, staff and students are invited to apply if they are working on a product, service or technology related to medical devices. LaunchPad students have participated in the past, and have even won the challenge. We encourage you to learn more.
The CNYBAC Medical Device Innovation Challenge is a six-month mentorship / network expansion / resource rich program for early stage innovators. MDIC accepts 5 teams to participate in the annual program. To date, 33 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 March 31 each year and are reviewed through a due diligence process performed by The Innovation Law Center, Syracuse University with teams selected by the MDIC Review Committee. The program starts August 1 (some teams receive early commercialization research in advance of program start by The Innovation Law Center).
Teams may participate virtually or on-site. If on-site, teams can elect to work at no cost in during the six-month program in the CNYBAC Creation Garage, 841 E. Fayette St., Syracuse, NY. All selected teams can utilize this facility at any point during the program.
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:
- Are a US-based innovation team/startup company.
- Are in early stage development of a medical device per FDA medical device definition.
- Have a team.
- Your innovation is reduced to practice and you are able to apply for a patent, have a provisional patent filed, or patent approved.
- Agree to meet the requirements of the program: attend all monthly mentor meetings, actively participate in progressing through your Project Plan goals, attend CNYBAC virtual education events (most are recorded/you can access at your convenience).
Step 2: Complete Application/Submit by March 31: MDIC Application
Program details:
- Selected teams receive an MDIC Agreement for execution. Program start date: August 1.
- We cover the costs of student-based legal and commercialization research for each selected team through the Innovation Law Center, NYS Science and Technology Law Center, Syracuse University College of Law.
- Mentorship: mentors are assigned to each team based on specific goals to be accomplished during the program (legal, regulatory, commercialization, CEO, product development experts, etc.). Hour-long virtual mentor meetings are held monthly, scheduled Mon-Fri, 8:00 a.m. – 3:00 p.m. EST.
- Selected teams gain coordinated access to SUNY Upstate Medical University research partners and Core Facilities.
- 3D printer/wash station, additional on-site equipment available.
- Extensive Ecosystem: We will provide targeted resource assistance and networking opportunities throughout the program.
CNYBAC, Upstate Medical University’s Concept to Commercialization Virtual Series also provides information-rich workshops through July, 2023 (free/virtual/some provide Certificates of Attendance for recertification programs). These programs are open to all innovators and researchers, not just members of the Medical Innovation Device Challenge.
Concept to Commercialization spring dates are here:
- Medical Device Risk and Regulations December 8, 2022, 3:00 – 4:00 p.m. Raymond Dromms, President, Raymond P. Solutions, Inc. and Kathi Durdon, CCRP, Executive Director, CNY Biotech Accelerator, Upstate Medical University This presentation will include an overview of how risk plays a prominent role in product development, research and regulatory submission and will include an overview of device classification, FDA submissions and the risk assessment.
- FuzeHub Funding and Solutions Program January 12, 2023, 3:00 – 4:00 p.m. EST Patty Rechberger, Innovation Fund Manager and Eric Fasser, Solutions Program Manager, FuzeHub
- Navigating Government Grant Compliance January 31, 2023, 3:00 – 4:00 p.m. EST Andrew Newman, CPA, ScienceDocs, Inc. When you accept a government grant, you are expected to understand and follow all the compliance requirements of the grant. This presentation is an introduction into the understanding of these crucial requirements and is the first in a series of presentations from ScienceDocs.
- Startup Funding February 16, 2023, 3:00 – 4:00 p.m. EST Jeff Knox, Associate, Innospark
- NY Ventures – New Funding Programs March 2, 2023, 3:00 – 4:00 p.m. EST Silvia Codony, Senior Director, NY Ventures, Empire State Development
- It’s an AI Product Manager’s Job to help an Organization Succeed with Predictive Machine Learning March 16, 2023, 3:00 – 4:00 p.m. EST Paul Ortchanian, Founder, CEO, Head of Product, Data and Strategy, Bain Public, Inc. In short, AI is a lifecycle that requires the integration of data, machine learning models, and the software around it. It covers everything from scoping and designing to building and testing all the way through to deployment — and eventually requires frequent monitoring. Product leaders need to ensure that data scientists are delivering results in efficient ways so business counterparts can understand, interpret, and use it to learn from. This includes everything from the definition of the problem, the coverage and quality of the data set and its analysis, to the presentation of results and the follow-up.
- Cybersecurity April 12, 2023, 3:00 – 4:00 p.m. EST Reg Harnish, CEO, OrbitalFire
Upcoming Biotech Innovation Ecosystem Events:
- Launch NY Founders Go Big in CNY November 15, Oncenter, Syracuse, NY
- Upstate Capital Association 7th Annual Awards Celebration December 7, Rochester, NY
- 16th Annual SOCRA Medical Device Conference – Scottsdale, AZ, April 27-28 with a basic pre-conference workshop on April 26 (additional registration).