How does a surgeon inventor determine quickly and efficiently whether or not his idea has clinical and technical merit? Is it free from infringement on other patents, and easily manufacturable? Does it satisfy enough of a market need to make it attractive to investors, corporate partners or end users?
Finding the answers to such vital questions can take considerable investments of time, creative energy and money.
The key to a successful (and rewarding) development process lies in gathering specific data early in the project’s development, and answering those questions with objectivity. Doing so will allow the inventor to make sound decisions on whether or not to proceed based on proven indicators — and not simply a gut feeling. How is this done? One method is the careful crafting of a feasibility study.