Medical Device opportunity with doctor in Florida

From an email I received:

"Company/Opportunity Description:

 I have found that hospital employees are very lax in wearing personal
 protective equipment. This causes spead of resistant bacteria in
 hospitals. There are about 100,000 deaths yearly due to these infections
 (& ~ 2 million infections; which costs the hospital industry billions of
 dollars in losses). Recently, Medicare has passed a mandate that they
 will not pay for certain hospital acquired infections.

 

 

My device would save hospitals money by reducing hospital acquired
infections. I am seeking the assistance of the school in writing a
good business plan. It probably is a specific project for a student in the
entrepreneurship class, where writing a business plan is part of the
learning process. I would prefer that the candidate have either a medical or an engineering background.

 

I am trying to develop a device with the assistance of a North Carolina engineering firm.

This would target the hospital infection control market which is a large and

growing one.

 

Thank you , Sincerely,

 

 Vivek Manikal, MD,

 

 Infectious Diseases Associates of North Florida, PA

 

 St Augustine, FL 32080

 

 904 461 0821

NCBIO -- Advanced Medical Technologies Center Planning Assistance

The North Carolina Biosciences Organization is seeking assistance from one or more MBA students in developing a business plan for a new non-profit North Carolina corporation ("Advanced Medical Technologies Center" or "AMTC") established to promote the growth of North Carolina's advanced medical technologies sector. For the purposes of this project, advanced medical technologies are considered to include medical devices and diagnostics, as well as other technologies that may evolve from the convergence of devices and diagnostics with biotechnology, information technology, regenerative medicine, nanotechnology and other potentially related disciplines

Upon completion of the business plan, the new AMTC will be eligible to submit an application to the North Carolina Biotechnology Center for $2.5 million in funding over the Center's first four years of operation. The AMTC will be required to match the $2.5 million launch grant with funding from other sources. In its fifth year of operation and beyond the new AMTC must be self-supporting.

Initial planning has identified the following goals for the AMTC: (i) help North Carolina advanced medical technology companies more efficiently locate required talent and services, (ii) work with existing economic development entities to attract out-of-state investment, development partners, and new advanced medical technology companies to North Carolina, and (iii) help stimulate the creation of new advanced medical technology companies based on local resources and assets. A more detailed outline of proposed goals, strategies and activities for the AMTC is attached.

NCBIO's business plan for the new entity will include (i) an organizational chart, (ii) plans for an external advisory board, (iii) a collaboration and partnering plan, including an explanation of the AMTC's strategy for leveraging existing institutions, (iv) job descriptions for key personnel, (v) a review of the market for the AMTC's proposed services, (vi) a summary of the needs of target companies and institutions, (vii) a summary of the AMTC's focus and goals, (viii) a commercialization strategy, (ix) milestones, (x) pro forma financial statements, and (xi) an analysis of intellectual property issues affecting the Center's operation.

NCBIO intends to complete work on a draft of the business plan by the end of September and to finalize the plan by the end of October.

Student assistance will be utilized through the end of October. Students will have opportunities to participate in all aspects of the business plan development process, including development of pro-formas, drafting of narrative elements of the plan, and conducting research. In addition, students involved in the project will have opportunities to network and interact with local business, academic and government leaders. Previous work experience in non-profit operations or funding, medical device or similar technology sector, or business consulting and planning will be helpful.

For more information, contact Sam Taylor at staylor@ncbioscience.org or by telephone a (919) 281-8960.