New medical ideas at MUSC pitched to business experts

New medical ideas at MUSC pitched to business experts

CHARLESTON, SC (WCSC) - Some new ideas for medical tools were discussed Thursday at the Medical University of South Carolina.

It's part of an initiative to help students, staff and faculty get their concepts backed by business experts.

Thursday was the kickoff phase for the "Innovative Device Challenge" at MUSC.

Over a dozen people pitched their ideas to business experts in hopes of finding health care solutions.

The initiative is aiding those inventors with up to $100,000 in funds to make those ideas a reality.

It's being spearheaded by MUSC Foundation for Research Development (FRD) and MUSC's Center for Innovation and Entrepreneurship (CIE).

By having these ideas pitched directly to business investors, managers say it's actually cheaper to get the device made and out on the market faster.

"Mostly for us, it's going to be mostly in surgery," Dr. Michael Yost, Ph.D. with MUSC, said. "We're going to be looking at patches for very difficult wounds, looking at stents for transplants, things like that."

The hope is to have this challenge every year given the constant change in technology in health care.



Copyright 2015 WCSC. All rights reserved.