May 2005
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May 2005
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MassMEDIC
Notes
MassMEDIC Notes – 50 K competition – HBS Case Study – Medtech Survey… For the fourth year in a row, a medical device company has won MIT’s $50K Entrepreneurship Competition. Balico, a privately-held medical device company that has designed a wearable, vibrotacticle balance aid to benefit individuals whose sensory systems have been compromised was awarded $30,000 in start-up money on May 9… Harvard Business School Professors Willis Emmons and Michael Porter unveiled a case study on the formation and operations of MassMEDIC at their Microeconomics of Competitiveness class on April 25. MassMEDIC Chair Deborah DiSanzo and President Tom Sommer presented their reactions to the class discussion. The case study will be used at Harvard Business School and a consortium of over 30 business schools, participating in a competitiveness curriculum worldwide... NAI Hunneman Commercial recently concluded a study of growth and expansion plans of area medical device companies. The results of the survey, reported in the May 2 business section of The Boston Globe, suggested that up to 70 percent of medtech companies were planning to add up to 30 jobs in the coming three years. Additionally, over 50 percent of respondents noted that their medtech company expected to expand their physical facilities in the same time period. MassMEDIC wishes to thanks Mike DiGiano and his colleagues at NAI Hunneman for conducting the study and compiling the results…. The Massachusetts Executive Office of Environmental Affairs will sponsor a morning informational seminar for medical device companies on Designing for the Environment. The agency’s Office of Technical Assistance will conduct the session on Tuesday, June 21 at their headquarters, 100 Cambridge Street in Boston. Further details will be posted on MassMEDIC’s website in the coming days.
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