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The program will begin on Tuesday, April 2nd, 2025, and will last approximately 6 months.
Meetings will be held twice a week, Tuesdays and Thursdays from 12:00 – 1:00 pm CT.
What You Will Accomplish During the Cohort:
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Business Model Clarity: Learn to define and refine your business model, understand revenue streams, select sales channels, and analyze market size. You’ll also develop financial projections and strategic growth plans.
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Go-to-Market Strategy: Master how to launch your product, target early adopters, and create marketing and distribution plans to penetrate the market.
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Risk Assessment & Mitigation: Learn to assess risks, including FDA or regulatory challenges, and develop strategies to mitigate them.
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Financial Ask & Allocation Plan: Understand how much funding you need, how to allocate it effectively, and create financial projections with milestones.
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Current Revenue Model: Assess and strengthen your existing revenue streams, leveraging early revenue to solidify your business case.
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Timeline & Milestones: Build a detailed timeline, identifying key achievements and future milestones, including regulatory approvals and market launch.
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Intellectual Property & Competitive Advantage: Learn how to protect your IP and communicate your competitive edge to safeguard your market position.
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Market Validation & Customer Engagement: Conduct market validation through pilot studies, partnerships, and early customer feedback, and identify committed beta customers or strategic partners.
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Regulatory Pathway & Compliance: Navigate the regulatory landscape, including certifications or FDA approval, and develop plans for ongoing compliance.
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Pitch Development: Throughout the program, enhance your pitch skills to effectively communicate your value proposition and growth potential to investors and partners.
Additional Program Benefits:
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Collaboration and networking with investors.
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Prototype Development mentorship.
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One-on-One business guidance to refine your strategy.
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Industry-specific mentorship to enhance your product and market position.
Must-Have Requirements Before Acceptance:
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Value Proposition & Business Model Draft: The startup should clearly communicate the unique benefits of their MedTech device, showing how it meets customer needs and stands out from competitors.
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Team Composition and Expertise: The team must have key roles (e.g., CEO, CTO) filled by individuals with relevant MedTech experience. The team should be coachable and have addressed any critical skill gaps.
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Product Development & Differentiation: The startup should provide a detailed description of their MedTech device, including functionality, features, and market differentiation. A prototype or MVP (Minimum Viable Product) should be developed.