Miami MedTech —Interventional Concepts' sister company— seals an strategic alliance agreement with Florida International University to foster medical device innovation
StartUp FIU —Florida International University (FIU)'s entrepreneurship program— and Miami MedTech Innovation Center (MMT) join forces to create the first medical innovation ecosystem to develop medical innovation projects in Miami and the rest of Latin America.
Miami MedTech (MMT) —Interventional Concepts' sister company— is a medical device development company focusing on improving healthcare by comprehensively executing needs-driven and value-based medical technology innovation from concept to commercialization. MMT will be housed in the OE building where they can work alongside FIU faculty and students. Medical devices as defined by instruments that are intended for use in the diagnosis, treatment, or prevention of diseases represent a $500B market of which 80% of inventions originate from users.
The goal of this partnership addresses the need for a regional initiative to foster healthcare innovation in the region by using the full potential of private-academic partnerships to yield the perfect incubator type ecosystem for inventive doctors, nurses, researchers and healthcare entrepreneurs to realize the commercial potential of their medical device ideas. Miami MedTech was founded by Dr. Pedro Martinez Clark, board certified Interventional Cardiologist and Mr. Max Mendez, a medical device developer and former FIU student in mechanical engineering, both of which have vast experience in medical innovation.
Currently, MMT is developing a cardiovascular device derived from an innovative procedure first described by MMT’s medical advisors that will enable 150,000 otherwise ineligible patients to benefit from receiving treatment with cardiovascular devices with a far less invasive approach. MMT is also continuously working with local and international innovators, specifically from their unique clinical network in Latin America to develop a strong portfolio of projects and products with tremendous impact in global healthcare. This initiative significantly expands and strengthens Miami as the tech hub of the Americas.
StartUp FIU is a new coordinated effort by the university to facilitate and support students, faculty and entrepreneurs from the community in innovation and start-up activities. StartUp FIU draws together ongoing innovation efforts from around the university to advance university technologies, start companies and create jobs for our community. Soon to be located on the remodeled third floor of the MARC building, StartUp FIU will open its doors and begin assisting innovation efforts, and also assist in the various elements in the formation of new companies, such as determining the feasibility of a technologies, establishing business plans, developing proof of concept and product market analysis. Partnering with existing university resources such as the Small Business Development Center, Miami Beach Urban Studio, Tech Station, Tech Transfer and Commercialization Office, College of Law’s small business clinic, Honors college, and college of Engineering and Computing, StartUp FIU will be the one stop shop for entrepreneurs interested in starting their own business.