Blog - Kapstone Medical

A Roadmap to Success for Surgeon Inventors, Part 4: The Cost of Developing Your Idea

Written by John Kapitan | Aug 20, 2014 4:00:00 AM

This series of articles focuses on a different paradigm for bringing new ideas to market, one in which you as a surgeon inventor retain control over designs, aggressively pursue milestones on your own (such as issuance of a patent, testing of prototypes or obtaining a regulatory clearance) and build value before presenting them to industry for possible licensing or sale. Why would you consider this option? Why not just take your sketch straight to a big company? One of the best reasons to pursue development on your own is that the value of your idea can increase exponentially compared to the costs of developmentā€”if the process is managed properly. Read More...