BackTable / Innovation / Podcast / Episode #8

Starting a MedTech Company 101

with Dr. Mahmood Razavi

Bryan Hartley talks with physician entrepreneur Dr. Mahmood Razavi about the essential elements of successfully starting a medtech company, as well as pitfalls to avoid.

Starting a MedTech Company 101 with Dr. Mahmood Razavi on the BackTable Innovation Podcast)
Ep 8 Starting a MedTech Company 101 with Dr. Mahmood Razavi
00:00 / 01:04

BackTable, LLC (Producer). (2021, December 1). Ep. 8 – Starting a MedTech Company 101 [Audio podcast]. Retrieved from https://www.backtable.com

BackTable CMEfy button

Stay Up To Date

Follow:

Subscribe:

Sign Up:

Podcast Contributors

Dr. Mahmood Razavi discusses Starting a MedTech Company 101 on the BackTable 8 Podcast

Dr. Mahmood Razavi

Dr. Mahmood K. Razavi is an entrepreneur and practicing Interventional Radiologist with the St. Joseph Heart & Vascular Center in Orange County, California.

Dr. Bryan Hartley discusses Starting a MedTech Company 101 on the BackTable 8 Podcast

Dr. Bryan Hartley

Dr. Bryan Hartley is a practicing radiologist, host of the BackTable Innovation series, and co-founder of Pulmera in Palo Alto, CA.

Show Notes

In this episode, serial entrepreneur Dr. Mahmood Razavi and our host Dr. Bryan Hartley discuss factors to consider when starting a medical technology company, steps of the innovation process, and fundraising strategies.

Dr. Razavi recounts his path into entrepreneurship, emphasizing the importance of finding innovative mentors. He advises listeners to go beyond merely observing other successful innovators and instead, actively engaging and asking them questions. The doctors bring up the concept of filing a provisional patent in the early stages of product development, which can allow an entrepreneur to protect their intellectual property as they seek guidance from others.

A critical decision point arises when an entrepreneur must decide whether or not they should establish a new product for an existing company or establish a completely new company. If the product is a different iteration of a design that already exists it might be worthwhile to innovate within the structure of an existing company. If you are creating a completely new device class that addresses a new clinical need or disease, there could be potential to start a company.

The startup process requires entrepreneurs to recruit team members and raise funds. Dr. Razavi uses equity as a recruiting tool to bring business and engineering experts into the company. He also describes various methods of funding, including venture capital and strategic partnerships and the pros and cons of each.

Disclaimer: The Materials available on BackTable.com are for informational and educational purposes only and are not a substitute for the professional judgment of a healthcare professional in diagnosing and treating patients. The opinions expressed by participants of the BackTable Podcast belong solely to the participants, and do not necessarily reflect the views of BackTable.

Earn CME When You Listen to BackTable CMEfy

Up Next

The TheraSphere Story with Dr. Riad Salem and Peter Pattison on the BackTable Innovation Podcast)
High Fidelity Augmented Reality Surgical Simulation: Training to Perform with Dr. Elliot Street on the BackTable Innovation Podcast)
From Device Idea to Market: PrecisionPoint for Transperineal Prostate Biopsies with Dr. Matthew Allaway on the BackTable Innovation Podcast)
Practical AI: Learning the Basics with Dr. Amit Gupta on the BackTable Innovation Podcast)
Innovating on Post Training Education with MRI Online with Dan Arnold on the BackTable Innovation Podcast)
Intelligent Ignorance: Turning Ideas into Innovation with Dr. Matthew Bromwich on the BackTable Innovation Podcast)

Articles

Topics

Learn about Innovation on BackTable Innovation

Get in touch!

We want to hear from you. Let us know if you’re interested in partnering with BackTable as a Podcast guest, a sponsor, or as a member of the BackTable Team.

Select which show(s) you would like to subscribe to:

Thanks! Message sent.