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Biodesign by Paul Yock, Josh Makower, Stefanos Zenios

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6.4 Licensing and Alternate Pathways

Introduction
A doctor who is dedicated to his practice comes up with an innovative concept but has no aspirations to become an entrepreneur. An engineer is advised that her concept potentially represents an interesting product feature but will not support a stand-alone company. In the course of pursuing one device idea, a development team uncovers another compelling opportunity but does not have the bandwidth or resources to pursue both. Under these kinds of circumstances, how can these innovative ideas still be used to change medicine?
While some innovators become entrepreneurs and start their own medical device companies, many more have an impact on their fields by licensing or selling their ideas, or ...

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