If after a preliminary evaluation based on multiple criteria your project is selected it will proceed to a collaborative testing phase. The goal is to de-risk your innovation, by demonstrating the technical feasibility, the therapy effectiveness and the economic value.
We will initiate the testing by assigning an expert project team to assess feasibility and model or prototype the idea. The focus will be on determining proof of concept and elimination or mitigation of the most significant risks during the testing process.
In simple terms, prototyping moves the invention from a virtual concept into a physical implementation. Depending on the invention, a prototype may or may not be necessary - or only portions of the submitted idea may need prototyping. Regardless of the method used, prototyping, and modelling are essential for learning, visualization, and idea validation.
Joint Development Agreement
If the submitter is involved in collaboration with Medtronic for prototyping of their submission, a Joint Development Agreement is established between both parties to agree on the scope of the collaboration, the roles and responsibilities and on intellectual property derived in the testing phase.