Lowell, Massachusetts – University of Massachusetts' Medical Device Development Center (M2D2) is pleased to launch the 4th Annual M2D2 New Venture Competition, an opportunity designed to showcase the innovative ideas and entrepreneurial spirit of seed and early-stage medical device companies. The M2D2 New Venture Competition Program is sponsored in partnership with Boston Scientific, the Massachusetts Life Sciences Center, Mintz Levin, Omni Components, and Smith & Nephew, Inc.
The M2D2 New Venture Competition Program will award up to $100,000 in service awards (business, engineering, clinical, regulatory, etc.) provided by the program sponsors. Applicants from across the nation and beyond are invited to participate, but should clearly indicate their intent to leverage the resources provided as awards in the competition.
Ultimately, the key to innovation for any organization, academic or otherwise, is to build and establish relationships across a wide spectrum of entrepreneurial groups that are not only technically proficient but also have the same passion for providing better and more economical surgical solutions.
Ventures involving technologies licensed from universities or research labs are encouraged.
Register here and pay the Entry Application Fee.
M2D2, the Massachusetts Medical Device Development Center, is a joint initiative of the Lowell and Worcester campuses of the UMass system. Its aim is to help new medical device entrepreneurs develop products every step of the way, from proof-of-concept to commercialization. Its affiliated faculty and staff have has assisted more than 100 start-up companies and entrepreneurs since the program kicked off in the spring of 2007.
The M2D2 New Venture Competition Program is interested in receiving a broad range of applications and is seeking any technologies related to medical devices.
Eligibility:
An Applicant must be a duly-organized and existing legal business entity (hereafter referred to as Company), including a partnership, corporation, limited liability company, or joint venture, or similar business organization or association under the law of the jurisdiction in which the Company is organized.
The Company must be organized as a for-profit entity.
The Company must be in good standing in the Commonwealth of Massachusetts, and if legally organized in another state or jurisdiction, must be existing and in good standing in that state or jurisdiction.
All technology involved in the venture must be advanced enough that it is capable of demonstration.
Company will be encouraged but not required to locate at M2D2 for at least 6 months following the conclusion of the competition.
Application Process:
Phase I Judging
Company submits basic information regarding Company and business concept. Documents may include business plans, financial statements and projections, and any applicable documents as requested. M2D2 will review initial applications with up to fifteen companies proceeding to the Phase II Reception and Presentations.
Phase II Reception & Presentations
Company attends reception and presentation event on April 1, 2015 at Moloney Hall, UMass Lowell, University Crossing, 220 Pawtucket Street, Lowell MA 01854, providing a four-minute presentation to a Panel of Reviewers followed by one minute Q & A. This event will be open to the public. Reviewers for this round will be arranged by M2D2 and will include the event sponsors, Boston Scientific, Mintz Levin and Smith & Nephew. Panel of reviewers score Company. All New Venture Competition finalists will be invited to the Phase III Final Awards Announcement and Presentation.
Phase III Final Awards Announcement and Presentation
All New Venture Competition finalists will be invited to the Awards Announcement and Reception at the Boston office of Mintz Levin, to be held on April 16, 2015. Following the presentation of awards, winners will be invited to deliver a 5-minute presentation.
Download the full Call for proposals 2015 (pdf)
Download the Entry Application (doc)
Source: M2D2