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How can I reach Medtec companies to submit my idea about a new product?
This is part of our professionals series, where we ask professionals what they think students should know
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3 answers
Tom Behan
Humble retired marketing wizard
95
Answers
Seattle, Washington
Updated
Tom’s Answer
To be attractive to any company with any invention it needs to be all of these; better, faster, cheaper. But......
Be VERY wary of just submitting an idea to a company. (1) They won't even bother to look at it. (2). They look but reject it (3). They look but keep the idea as their own (4) they keep the idea but tell you it is something they are already working on.....when they aren't....so your idea is worthless, they'll say (essentially).
Exposing your idea also invites other bad guys to steal your idea.
The best plan is to develop it with a couple more folks you trust, hire a patent attorney to protect your idea and then sell rights to use the patent to the likes of Medtronic.
This is not cheap, I'm sorry. I've been there.
Be VERY wary of just submitting an idea to a company. (1) They won't even bother to look at it. (2). They look but reject it (3). They look but keep the idea as their own (4) they keep the idea but tell you it is something they are already working on.....when they aren't....so your idea is worthless, they'll say (essentially).
Exposing your idea also invites other bad guys to steal your idea.
The best plan is to develop it with a couple more folks you trust, hire a patent attorney to protect your idea and then sell rights to use the patent to the likes of Medtronic.
This is not cheap, I'm sorry. I've been there.
Vamshee Gunturu
Principal Engineer
187
Answers
Chandler, Arizona
Updated
Vamshee’s Answer
You can submit your ideas to few companies by clicking below links...if they are in thier focus areas they may consider it.
https://bionix.com/innovation
https://appliedmedical.com/Corporate/IdeaSubmission
https://www.medtronic.com/us-en/our-company/invention-idea-submission-brochure.html
I don't know if they give you any credit for your ideas...if your idea is very valuable and you see the future, you may have to find out how to patetn your idea and what it costs and it is worth the hassle.
Hope this helps!Good Luck
https://bionix.com/innovation
https://appliedmedical.com/Corporate/IdeaSubmission
https://www.medtronic.com/us-en/our-company/invention-idea-submission-brochure.html
I don't know if they give you any credit for your ideas...if your idea is very valuable and you see the future, you may have to find out how to patetn your idea and what it costs and it is worth the hassle.
Hope this helps!Good Luck
Doug Miller
Wear many hats
13
Answers
Brooklyn, Connecticut
Updated
Doug’s Answer
I doubt you’ll make any money by submitting ideas directly to a company.
If the goal is to get feedback, not make $, you could self promote it, by publishing the idea on a blog, then posting it across social media like FB, IG, TikTok, Reddit etc.
Promoting your idea on social, particularly an medical subreddit, will get you lots of feedback. Some useful, some not.
If the goal is to get feedback, not make $, you could self promote it, by publishing the idea on a blog, then posting it across social media like FB, IG, TikTok, Reddit etc.
Promoting your idea on social, particularly an medical subreddit, will get you lots of feedback. Some useful, some not.