On March 5th, Kaysun participated in the “Medical Device Collaborative Gathering” in Green Bay organized by WiSys, the University of Wisconsin’s technology transfer program.
During my panel on “Best Practices to Identify Opportunities and Obtain Resources to Move an Idea Forward,” I provided input on business development, business planning and engaging contract manufacturers in design. We fielded many questions about FDA compliance issues and choosing manufacturing and distribution partners.
One point this experience reinforced for me was the long time-to-market cycle for medical devices. Attendees said it is typically 2-5 years from conception to market, depending on how highly regulated the device is. This has two implications for Kaysun. The first is partners that can help reduce cycle times can differentiate themselves and add great value to their customers. The second is that to best serve the medical device market requires a commitment in both time and effort to help bring the product to market. It was affirming to know that our engineering expertise, combined with advanced automation and testing capabilities represent a strong offering for medical device companies.
A capacity crowd attended the event last week, promoting great opportunities for networking and building new relationships. Several Kaysun suppliers and a local product development company were in attendance. I always enjoy getting together with our partners and especially enjoy following up on new referrals to build our mutual success.
Thanks to Aurora BayCare for hosting the event.
- Jeff Anderson
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