Insight / mHub
Transcript of Insight / mHub
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Insight / mHub Startup Development Pathway
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Design is an optimistic problem solving mindset that
when applied to an issue, can inform and collectively
inspire innovative solutions.
- Optimistic problem solving mindset is critical to startups! The pathway is not easy and requires tenacity, focus, and confidence.
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“The world is moving so fast these days
that the man who says it can’t be done is
interrupted by someone doing it.”
Elbert Hubbard (philosopher)
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THE BASICS
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What is your market size?
The area of focus will be:
A. <$10M B. $10-50M C. $50-100M D. $100M-999M E. $1B+
1050 - 100
100-999
1B
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Where are you on the wave?
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Know your market?
The area of focus:
A. Is there growth B. Is it changing C. What other solutions exist D. Where are you in the value wave
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Broad Trends Matter!
HERE
NOT HERE
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How to Segment the market
Users
Process
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Geography
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etc. }
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External Influences
Understand the full ecosystem
Distributor
Distributor Reps
Provider
Payer
Hopsital GPOs/IDNs Direct & Indirect
Reps
Capital VC, Seed, Strategics
FDA HIPPA
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UCD
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Start with the user, not the spec.
define the value to the stakeholders before investing in the development.
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Users in context
Technology
Business
External Influences
Innovation starts with
understand users
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EP
Device
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RN
RN
Manager
EP
Sales
Rep
Scheduling Billing
Patient
Device
GP
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people are great at responding to situations and physical embodiments, but terrible at projecting
look for natural behaviors to drive design, simple and intuitive solutions
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What is the behavior
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The behavior was the same!
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Humans are powered by emotion reason leads to conclusions
emotion leads to action
- Marty Neumeier
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THE PATHWAY
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Unifying Ideas
Definition DevelopmentDiscovery
Affinities
Pain Points
Themes
Unmet Needs
User GoalsChallenges
Relationships Attitudes
Sentiment
Expectations
Likes
Dislikes
EnablersValue Drivers
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Definition Development Refinement RegulatoryDiscovery
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Discovery Research
businessplan
preliminary designspecification
hypothetical
technical applicationformulated Proof of
Principle
subsystembench top
integrated bench top
design freeze
Proof of Concept
Betaprototypetest
plan
industrializationplan
clinical unit
cadaveranimaltesting
biocompatibilitytesting
pre clinical validation
pre IDEmeeting request
IDE filing
IDE approval
IRB filing
human factorsformative
IRB approval
Final Clinical Report
CEFDAfiling
integrated bench topoptimization
Human Factorssummativetestingdetailed
designspecification
clinical build& test
human factorsformative
Concept Development Framework
Proof of Design
cadaver/animaltesting
Draftmarket requirements
NPD researchuser needsfocused
WorkflowsTaskflowsExpert reviews
ScenariosStory boards
ConceptExploration
ConceptRefinement
human factorsformative
ConceptVision
IFUdevelopment
IFUrefinement
DirectionalTesting
Proof of Manufacturing
Definition Development Refinement Regulatory
1. Concept Development Framework - a document that relates identified user needs to development opportunities and technical challenges in a way that focuses concept development efforts.
2. Concept Vision - a 2d prototype that depicts a future scenario, placing a yet-to-be-developed product or technology within a relatable context to elicit feedback from prospective end user and decision makers.
3. Proof of Principle - Component or subsystem prototype that evaluates the function of an individual or interrelated components to ensure functionality but not final scale material package or physical layout.
4. Proof of Concept- Confirmation of the final integrated functionality of a collection of sub-systems, but not final scale material package or physical layout
5. Proof of Design - Integration of industrial design and usability intent with technical functional intent. Used for engineering confidence testing and human factors assessment testing. Not validated and often uses non- validated tooling.
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Definition Development Refinement Regulatory
Concept Development Framework (CDF) - a document that relates identified user needs to development opportunities and technical challenges in a way that focuses concept development efforts.
• IP • Regulatory pathway • Tech chalenges • Reimbursement model • User needs • Business resources • Business expertise
Ideas
New Plans
Blue Skys
Window of Opportunity
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Discovery Research
businessplan
preliminary designspecification
hypothetical
technical applicationformulated Proof of
Principle
subsystembench top
integrated bench top
design freeze
Proof of Concept
Betaprototypetest
plan
industrializationplan
clinical unit
cadaveranimaltesting
biocompatibilitytesting
pre clinical validation
pre IDEmeeting request
IDE filing
IDE approval
IRB filing
human factorsformative
IRB approval
Final Clinical Report
CEFDAfiling
integrated bench topoptimization
Human Factorssummativetestingdetailed
designspecification
clinical build& test
human factorsformative
Concept Development Framework
Proof of Design
cadaver/animaltesting
Draftmarket requirements
NPD researchuser needsfocused
WorkflowsTaskflowsExpert reviews
ScenariosStory boards
ConceptExploration
ConceptRefinement
human factorsformative
ConceptVision
IFUdevelopment
IFUrefinement
DirectionalTesting
Proof of Manufacturing
Definition Development Refinement Regulatory
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Friends & Family Seed / Angel
Series A
Series B
Grants/Awards
Investment stages
Discovery
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“The boundaries between physical product, service, and digital interactions don’t exist for consumers!”
-McKensey & Company 2019
Real time feedback opens the doors to interact with people where l ife happens and at the time it happens
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THE END