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| Insightra: Incubating New Companies |
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Where Your Vision Is Made Real
When your product idea has the potential to be a blockbuster,
we have the ability to recognize it early and plan every aspect of its
development to ensure that it reaches its highest potential. As is often
the case, great opportunities have capital requirements to match, so
spinning these ideas into a new company becomes the path of choice. Insightra® follows
a simple process to move towards that eventuality: |
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- Full evaluation of the opportunity
- Market size and attractiveness
- Availability of reimbursement
- IP landscape, Freedom to Operate, ability to secure patents
- Competitive environment
- Regulatory path
- Availability of venture capital
- Availability of qualified management
- Overall technical and business risk
- Technology incubation
- Funding the incubation stage
- Early product development
- Managing feasibility animal and clinical studies
- Effecting the spin-off
- Incorporation, establishing a quality system, ISO certification, FDA registration, selection of council, other factors
- Creating the required funding materials
- Managing the Series A funding activity
- Recruiting a management team
- Providing interim facilities until the new company is self sufficient
In 2006, Insightra incubated its first new medical device
start-up company:
Minos Medical™ “The natural orifice
medical device company™”. Minos, a California corporation,
is focused on developing its flagship product; Appendoectomy,
a device for removing the appendix without cutting the
skin.
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