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I am designing new diabetic devices! Please reply, thank you
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<blockquote data-quote="Gazhay" data-source="post: 90899" data-attributes="member: 21329"><p>I was working for a medical devices company, on a diabetic device, when I was diagnosed with Type1.</p><p></p><p>Knowing the market well, it is not realistic to think you will be able to just design a new device and get it on the market.</p><p></p><p>Even with a team of electronics engineers, software engineers and people familiar with regulatory approvals, you are speaking 12 months minimum, and easy half million pounds R&D and manufacturing.</p><p></p><p>You will need some serious backing and a serious competitive edge, and make sure you protect your IP so that the big boys can't ruin your party. Most healthcare providers will not buy from a company they have never heard of either, if you go bust they are left with a lot of unsupported devices.</p><p></p><p>In short, no easy task, but with a lot of commitment and time you could have a chance.</p></blockquote><p></p>
[QUOTE="Gazhay, post: 90899, member: 21329"] I was working for a medical devices company, on a diabetic device, when I was diagnosed with Type1. Knowing the market well, it is not realistic to think you will be able to just design a new device and get it on the market. Even with a team of electronics engineers, software engineers and people familiar with regulatory approvals, you are speaking 12 months minimum, and easy half million pounds R&D and manufacturing. You will need some serious backing and a serious competitive edge, and make sure you protect your IP so that the big boys can't ruin your party. Most healthcare providers will not buy from a company they have never heard of either, if you go bust they are left with a lot of unsupported devices. In short, no easy task, but with a lot of commitment and time you could have a chance. [/QUOTE]
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