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Stage/Component |
Supported By |
Whether your idea is a
brand new concept or is a major improvement on an
existing medical device or process, this initial
stage of development is a critical step. If executed
properly, it will provide a solid foundation, both
technically and financially, for all of the
subsequent stages. The two key products of this
stage are the fabrication of a working prototype
that will prove that the new or improved technology
actually works in the real world, and a business model
that shows how it will be introduced and accepted in
the market place. With these firmly established, the
potential for investor interest is increased
exponentially.
|
Idea Stage - First idea through proof
of concept & business feasibility |
|
Proof of
concept |
Fairway |
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Market
Assessment |
Fairway/Client |
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Business Model |
Fairway/Client |
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Cost
Feasability |
Fairway |
|
Patent
Disclosure |
Fairway/Client |
This stage is where the
engineers create the actual product design in a way
that will meet the many demand s of not only market
requirements, but also those of government
regulatory laws and guidelines. It is here that a
limited number of working models will be fabricated
and tested in laboratories to ensure that the
desired outcomes are safe, reliable and consistent.
These results will often provide designs and data
that will be useful in applications for patents and
especially useful in seeking ongoing funding.
|
Incubation Stage - Design, prototype
& initial testing |
|
Design |
Fairway |
|
Prototype |
Fairway |
|
Market
Validation |
Fairway/Client |
|
Regulatory
Affairs |
Fairway/Client |
|
Patent
Application |
Fairway/Client |
|
Initial
(in-vitro) Testing |
Fairway/Medical
Center |
Here the designs of the
working models and the results of the initial
testing will be thoroughly reviewed and analyzed by
scientists and engineers as well as sales, marketing
and regulatory personnel . The results of these
analyses will be incorporated in more sophisticated
and complete devices. More of these devices will
then be constructed for more advanced testing,
typically in selected clinics with human subjects.
|
Refinement Stage - Development
through in-vivo testing |
|
Design
Modification |
Fairway |
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Regulatory
Affairs |
Fairway/Client |
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Industrial
Design |
Fairway |
|
Development |
Fairway |
|
Facility &
Staffing |
Fairway/Client |
|
In-vivo Testing |
Fairway/Medical
Center |
|
Marketing/Distribution Plan |
Fairway/Client |
In this stage the
designs will be fine tuned for large scale
manufacturing, including designing the production
lines for maximum throughput and minimum costs. The
final regulatory documents and submissions will be
prepared and these will ensure that the devices are
validated against the claims that will be made in
the marketing information. In depth clinical testing
with humans takes place as part of this validation.
|
Development Stage -
Production
engineering through clinical testing |
|
Production
Design |
Fairway |
|
Production
Engineering |
Fairway |
|
Regulatory
Affairs |
Fairway/Client |
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Marketing/Distribution Plan |
Fairway Client |
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Clinical
Testing |
Fairway |
|
FDA Submission |
Fairway/Client |
The device is now ready
for release to the market place. It is here that all
marketing information, distribution plans, and sales
and service operations must be defined, developed
and fully implemented for the product launch.
|
Commerical Stage - Product launch
through post sales service |
|
Production |
Fairway |
|
Marketing/Distribution |
Fairway/Client |
|
Sales & Service |
Fairway/Client |
|
Regulatory
Affairs |
Fairway/Client |
|
R&D
|
Fairway/Client |
The final goal of
improving patient care is realized by the
development and implementation of your idea, and
your dream is made reality!
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