Orange County Business Incubation Network: Medical Devices

Orange Coast Medical Ventures Progress Report

  • Decided that a for-profit model would be optimal

  • Formed an LLC, which allows for fundraising

  • Formed a scientific advisory board, tentatively headed by Paul DeRidder, MD

  • Obtained two sponsorships

  • Identified four potential projects for medical device incubator evaluation:

    1. Project from UCI – OCT Medical
    2. Telemedicine – Digital Union, LLC
    3. German device manufacturer, CardioMedical GMBH
    4. Local physician/entrepreneur with orthopedic device, A Betts, MD

  • Identified industry professional to facilitate assessment and business planning – Chuck Stein

  • Organizational Resources:
    • Identified corporate counsel – Straddling Yocca Carlson & Rauth
    • Identified patent counsel – Fish & Associates
    • Identified regulatory, clinical – Bentley Biomedical
    • Identified key partner for prototype/ manufacturing – Aubrey Group
    • Identified four VC firms that wish to remain involved in reviewing potential incubator projects
    • Identified medical device banking partner – Silicon Valley Bank
Contact:

Greg Ruehle CEO,
Orange Coast Medical Ventures
(949) 939-1554 Cell
email:G355@aol.com email
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