Medtronic Australasia has launched a new web-based portal for medical technology innovation designed to help physicians and medical technology inventors bring their innovative ideas to life.
The Medtronic Eureka portal, which is hosted on the company's Australia and New Zealand’s website, is designed to provide a streamlined, single entry point for idea submissions.
The portal and submissions could enable strong partnerships between Medtronic and inventors across Australia and New Zealand to bring novel product concepts to market.
“Through Eureka, Medtronic seeks to increase innovation in medical technology and ensure that patients can benefit from life-saving technology. We look forward to building the future of medical technology in collaboration with local inventors by enabling novel product concepts to enhance healthcare as a whole,” said Tim Fortin, vice president and managing director, Medtronic Australasia.
The company said each submission will be evaluated by a team of trained, global experts, with inventors informed of the initial decision regarding their idea within approximately 90 days.
It also said that, if the evaluation does not reveal a fit for Medtronic, inventors can consent to allow medical device incubator – the MedTech Actuator - to independently evaluate their idea.
"This two-step approach is designed to ensure the best chance for the invention to be supported," said the company.
“Australia is amongst the global best in terms of research capability and capacity. We are energised to continue to help Australian innovators develop impactful medtech solutions for the global platform,” said Dr Buzz Palmer, CEO of the MedTech Actuator.
“We are confident that an approach focused on ANZ, which protects inventors and enhances opportunities to collaborate on innovation development, will yield excellent results and push medical technology forward,” added Mr Fortin.