The National Capital Consortium for Pediatric Device Innovation (NCC-PDI) is now accepting applications for its "Make Your Medical Device Pitch for Kids!" competition. The competition is focused on pediatric devices developed for use in the orthopedic and spine sector, an area of critical need which lacks innovation. Winning companies receive awards up to $50,000 and are invited to participate in the NCC-PDI Pediatric Device Innovator Accelerator Program led by MedTech Innovator.
The NCC-PDI is now in its sixth year of operation and is led by the Sheikh Zayed Institute for Pediatric Surgical Innovation at Children's National Health System and the A. James Clark School of Engineering at the University of Maryland. Its goal is to advance the development of pediatric medical devices and help participating innovators bring their device to market through mentorship and connections to NCC-PDI's network of experts, consisting of medtech executives, investors, specialty pediatricians, and FDA regulatory and business consultants.
"While sourcing and scouting are a continuous activity in our effort to find promising high potential pediatric device innovators, this pitch competition adds a layer of opportunity for companies to present live in front of a panel of judges, some of whom could become potential mentors and investors," says Kolaleh Eskandanian, Ph.D., MBA, PMP, vice president and chief innovation officer at Children's National Health System and principal investigator of NCC-PDI.
While advancements have been made in some pediatric specialty areas with respect to device innovation, there is still a significant need for novel devices in the orthopedic and spine sector. With only 3,000 to 4,000 pediatric orthopedic surgery cases reported annually, many medical device manufacturers avoid investing in research and development in this sector because the market size is too small. True to its mission, NCC-PDI collaborators recognize that children undergoing orthopedic surgeries deserve implants and devices that fit their growing bodies and provide the best possible quality of life.
Finalists for the 2019 NCC-PDI competition are announced on the day of the competition, April 30, 2019. Each finalist presents a five-minute pitch during the competition, followed by a five-minute question-and-answer session. A multi-disciplinary panel of judges will select up to six winners.