April 1, 2016

When 2 Heads Equal 10: FTEs in Medical Device Development

Efficient staffing for medical device research and development can be a logistical nightmare, especially if you are trying to build an in-house R&D team. Many start-ups only have funding for two to three staff positions. The breadth of skills needed for the entire medical device development process is not possible to cover with just two or three people. Think about which specialties your project plan requires: • VP of R&D • Program manager • Design […]
March 16, 2016

Top 5 Challenges in Building a Start-up Engineering Team

As CEO of a start-up medical device company in search of engineering and development talent, it’s important to keep in mind some of the time and money challenges you may face when hiring and building your team: Convincing your first-pick hire to leave a job he or she already has. Finding the “right” staff, not simply the “available” staff. Resourcing the dozen or more roles you’ll need filled with salary for just a few full […]
February 16, 2016
Racecar in Pit

Which Barriers-to-Speed Slow Down Your Product Development?

In all my years working with start-up CEOs who have an innovative medical device sketched out on a napkin, I watch certain issues show up again and again. I’ve never met a successful medical device start-up CEO who feels they have the luxury of unlimited time and funds. Time and money are usually your enemies when you’re operating in competitive markets. Yet, if you’re built to go fast from Day 1, time becomes your ally, […]
March 1, 2016

3 Hidden Costs of the Low Fixed-Rate Bid for Medical Device Development

You’ve got a great idea for a new medical device sketched out. A successful implementation could mean acquisition of your start up company. But first you need engineers to bring your idea to life. The selection of your R&D team will make or break your medical device development project. Going with the lowest bidder may seem like the safest move… but there are hidden costs of a low fixed-rate bid. First, consider the adversarial mindset […]