Category: Entrepreneurship

Launching a medical device startup is a complicated process and many factors can contribute to its success. One key factor is speed to market. Startups that have a positive exit come…...

I recently had the pleasure of presenting a one hour training session on Sales and Marketing, specifically tailored to the unique needs of medical device startups. The event was hosted…...

Those readers that are familiar with this blog know we often look back in order to discern where we’re going in the future. As we emerge from two years of…...

Part One in a Series Exploring Medical Device Development Strategies Under Alternative Payment Methods With the inauguration of a new administration in Washington, D.C., I thought it was a good…...

At Rev.1 Engineering®, we specialize in the design and commercial development of complex, minimally invasive, medical devices. Very often, these are First of Kind technologies, requiring as much invention as development. I…...

Those of us working in the medical device industry are experiencing unprecedented times. Often insulated from periodic downturns in the normal business cycle, the COVID-19 pandemic has landed squarely in…...

Throughout a medical device’s Life Cycle, few opportunities ever afford themselves to the organization to initiate a strategic approach to Design for Manufacturing in order to optimize product profitability. This is…...

As medical device company executives, it can be challenging to identify opportunities for performance improvement that can quickly and efficiently drive incremental profits to the bottom line. New product development…...

Developing advanced medical devices is challenging enough even during the most predictable of times. Today, we’re still in mid-migration, from the traditional, fee-for-service system to a value-based reimbursement system. Simultaneously, a noteworthy…...

Developing a medical device to commercialization is a complex, multi-faceted endeavor. It’s also an expensive undertaking fraught with risk factors at each stage of development. While maintaining a meticulous attention to…...

Strategic Engineering is a comprehensive approach to medical device development that drives speed to revenue while simultaneously scrubbing away risk along the critical, developmental path. This White Paper sets forth to…...

It’s often, and rightly said, if you can measure it, you can manage it. Yet, performance metrics are applied in a somewhat uneven manner throughout most businesses. Commonly used in manufacturing (yield…...

Market intel firm CB Insights recently published results from its survey of corporate strategy executives, illustrating the fact that 41% of executives say their firms are extremely at risk, or very at risk of…...

Efficient and effective engineering and new device development have always been central to the success of medical device companies. Under the traditional, Fee-For-Service reimbursement landscape, companies could identify costly or marginally…...

While innovation may simply be the next buzz word resonating throughout industry, it’s a competitive imperative in medical device. Yet, identifying the causal inputs that drive sustainable, efficient innovation remain elusive…...

I recently had the opportunity to read CB Insights’ 2018 State of Innovation report on the perspectives of nearly 700 senior strategy executives, globally. As the person in charge of strategic development at…...

Do You Have Contingencies in Place to Counter Disruption from the Coming Talent Wars? It’s a topic that’s been front and center since our recovery from the Great Recession: How…...

Having spent the past two days walking the exhibit hall at this year’s American College of Cardiology Conference, I got to thinking about convergence, innovation and the direction of new…...

In our last blog, we spoke about the source of innovation – human creativity. If human creativity is the seed of innovation, organizational culture is the soil in which it…...

It’s perhaps the most commonly heard value proposition in the contract engineering market space…we’re faster than our competition. What isn’t necessarily offered up is faster at what? There’s a place…...

Rev.1 Engineering’s medical device development typically gets clients to CE and FDA approvals before it is necessary to build a commercialization team. Most of our successful clients have not needed…...

In-house medical device development requires dedicated, highly skilled and experienced talent; acquisition of necessary equipment and facilities to build to feasibility and beyond; and sourcing and management of reliable partners…...

Regardless of your stage or current structure, continued funding sources for medical device development are difficult to find. According to Price Waterhouse Coopers, funding for medical device companies dropped by…...

Product development with a contract manufacturer can seem like a good choice for a start-up company. Low or no-cost engineering in exchange for the manufacturing contract is an attractive incentive…...

Every start-up company is looking for a successful endpoint: Bringing their product to market; or acquisition. In either case, the degree of success is determined by the company's perceived value.…...

You have developed a spectacular product. You have a good idea of the value of your company. You’ve worked hard to attract four potential buyers. And now the day has…...

When you are geeked about your medical device idea, it can be challenging to focus on the less-exciting parts of your start-up plan. Most start-up clients we work with initially…...

“REV.1 Engineering gets involved and puts skin in the game. They are very good problem solvers who take ownership. It wasn’t just ‘the client’s’ project, it was always ‘OUR’ project.”…...

A key factor in selecting a medical device development consulting firm is transparency of data and information. From billing to IP assignment to day-to-day operations, how can you know if…...

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…...

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…...

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…...