Boulder iQ Forms Medical Device Accelerator for Start-Up Companies

Thursday, May 16, 2019 General News
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Firm seeks applicants, offers accepted members $10,000 equity investment

BOULDER, Colo., May 16, 2019 /PRNewswire-PRWeb/ -- Boulder iQ is accepting applications for its newly formed Boulder

Medical Device Accelerator (BMDA).

Each year, BMDA will accept up to five start-up companies in the healthcare/medical field that are seeking product development services, expert mentoring and infrastructure support in exchange for an equity investment from Boulder iQ. The expert contract consulting firm offers design engineering, development and turnkey manufacturing for consumer, high-technology and medical products, and complete regulatory, clinical and quality compliance services for medical device and in vitro diagnostic companies.

"Ideally, applicants will be companies that require a physical technology or component for the delivery or implementation of their solution," says Jim Kasic, president and CEO of Boulder iQ, and general partner of BMDA. Each company accepted into the accelerator will receive an equity investment of $10,000. The BMDA term for each company is six months, with an option to extend up to 18 months.

"Closing the gap between core technologies and commercializable solutions is one of the greatest challenges in the medical device field today," says Kasic. "The experts at Boulder iQ can leverage more than 30 years of experience in

bringing medical device innovations to market, directly helping stand-out new companies move their ideas from concept to reality more effectively and efficiently."

In addition to requiring a physical technology or component, Kasic says that BMDA will favor applying companies that can present the following:

  • Patents pending, or granted, for their core intellectual property
  • Deep understanding of their chosen market opportunity, characteristics and size
  • Degree of prior funding success
  • Class I or II technologies

Accepted companies will receive:

  • Medical device product development, quality, regulatory and administrative services at a significantly discounted rate through Boulder iQ
  • Expert mentoring and counsel on the commercialization process for products
  • Office, lab and meeting space, and extensive infrastructure support at Boulder iQ's offices in Boulder, Colorado
  • Membership starting at 6 months, renewable up to 18 months

Boulder iQ will accept applicants from Colorado as well as throughout the country. "Our goal is to help companies with the very best technologies and opportunities succeed, no matter where they are located," Kasic explains. "At the same time, we do hope to encourage the success of new companies in Colorado."

Interested entrepreneurs can apply online through Sept. 2. For more information, they can visit http://www.bouldermda.com or email info(at)BoulderMDA.com. Boulder iQ expects to make final decisions on the first class members by Oct. 1, says Kasic.

About Boulder iQ (http://www.boulderiq.com) Boulder iQ is an expert contract consulting firm offering design engineering, development and turnkey manufacturing for consumer, high-technology and medical products, and complete regulatory, clinical and quality management system services for the medical device and in-vitro diagnostic (IVD) industries. Based in Boulder, Colorado, the company is ISO 13485:2016 certified through Boulder BioMed.

For more information, contact Vickie Stubbs at Boulder iQ: 303-531-1238 (ext. 702) or Vickie.Stubbs(at)BoulderiQ.com.

 

SOURCE Boulder iQ



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