As a medical device startup founder, you’re intimately familiar with juggling. One moment, you’re pitching to investors, the next, you’re deep in regulatory documents, and somehow, are also expected to lead product development, build a team, and craft your go-to-market strategy. Then comes the inevitable realization: you need specialized expertise. Enter consultants. While they bring…
Market authorization is not market adoption, yet many confuse them. Being able to legally sell your device (market authorization) is different from customers buying your device (market adoption). Focusing on market authorization can seem rational. Investors and strategics see FDA clearance or approval as a major milestone, making it alluring to focus resources on reaching…
When investing in medical device startups, investors evaluate many factors to assess the potential for success, mitigate risks, and maximize their return. Here are three key criteria and how you can improve your odds. 1. Team Quality Team quality is arguably the most critical factor investors evaluate. Investors are betting that YOU can execute on…
Avio Medtech Consulting client Morari Medical recently received FDA clearance to market their lead product, MOR, a device to enhance sexual performance and delay ejaculation. When a challenging and time-sensitive issue arose, the Avio team was Morari’s committed co-pilot! “The Avio team brought significant value to Morari’s product journey, especially in guiding us through the…
Raising money for a medical device startup is difficult. Avio’s team interviewed over 100 venture capitalists (VCs) to understand why they decline to invest. While there are always exceptions, understanding these common pitfalls can increase your chances of success. Before we discuss the factors, let’s discuss the math. Most venture funds will invest in between…
Minneapolis, MN—Avio Medtech Consulting and Cambridge VIP, a division of the Cambridge Innovation Institute, announce today that they are partnering for the second year on a pitch contest that awards medical device startups $20,000 in non-dilutive funds and critical investor connections. Contest Highlights Emerging medtech startups with innovative solutions in medical devices, diagnostics, and software…
Check out the recording of a webinar from Avio Medtech’s Frank Jaskulke on 10 of the most common mistakes medtech startups make – and what you can do about it. Link here: 10 Common Mistakes Medtech Startups Make (And How to Avoid Them) Want to bring your product to market faster with less equity dilution?…
50% of small businesses don’t make it to 5 years. And medical device startups like the ones Avio serves have an even higher failure rate. We count ourselves fortunate to have made it 5 years radically advancing the medtech development process with 100+ client partners. What’s next? Doing more better. First, it’s worthwhile to pause…
Avio Medtech Consulting and Accelermed Partner to Stop Commercial Failures ST. PAUL, Minnesota – Medtech startups are hard, failure is common, but the work matters enough that entrepreneurs persist. Avio Medtech and Accelermed are partnering to put the odds more in the entrepreneur’s favor in a critical area: early commercial planning. Avio and Accelermed today…
Medical innovation is hard, fraught with failure and inevitable rejection. No is likely to be the most common answer you receive. Bouncing back from these challenges, learning from them, and persevering are hallmarks of successful entrepreneurs. Here are three strategies to cultivate resilience and navigate setbacks: 1. Embrace a Growth Mindset: Reframe Failures as Learning…