SOUTH CAROLINA MEDICAL DEVICE ALLIANCE
A Partnership between South Carolina Research Authority, Clemson University, Medical University of South Carolina and Industry to invent, advance and bring medical devices to market.
Purpose of the Medical Device Alliance
The South Carolina Medical Device Alliance (MDA) is transforming how the State is inventing, advancing and bringing medical devices to market to address unmet clinical needs. This multi-stakeholder partnership is the foundation of a regional innovation cluster to grow the economic impact through job creation and startup formation, as well as to attract international businesses. The MDA will advance technologies to market with multidisciplinary teams and launch startups that have been rigorously evaluated by seasoned industry experts.
ANTICIPATED IMPACT
Phase 1
Design Solution & Identify ProjectsPhase 2
Develop Profiles For FeasibilitySCRA will develop product profiles of the top projects to include regulatory assessments and a comprehensive market analysis. The product profiles will be provided to the advisory panel, comprised of industry experts, which will recommend projects to advance to Phase 3.
Phase 3
De-Risk InnovationsMulti-disciplinary teams will be formed to de-risk innovations from both a technical and commercial perspective. Funding supports Fellowships, technology development and a Professor of Practice to create the foundation for a potential startup.
Phase 4
Assess Pathway For InnovationThe advisory panel of industry experts, in conjunction with the Professor of Practice, will determine which one of four pathways the project will take: 1)Form a startup, 2)Further de-risk technology, 3)Out-license technology, 4)Discontinue project.
KEY PERSONNEL
