FDA on Driving Biomedical Innovations


FDA released a report containing immediate steps that can be taken to drive biomedical innovation, while improving the health of Americans. The report addresses concerns about the medical product development pipeline, one of the most pressing challenges facing the biomedical industries.

One thing interesting is how they addressed the issue of young entrepreneurs on the scene of biomedical innovations;

Another element of the enhanced small business program at FDA will involve training young entrepreneurs. FDA will offer fellowships for business, engineering, and science students, or other students who may become entrepreneurs, as part of their educational curriculum. The Agency will work with university business schools to establish a four- to six-month internship or training course within the FDA small business offices to provide future entrepreneurs, venture capitalists, and inventors with first-hand access to information about regulatory review and what it takes to move a product through the FDA approval process. This knowledge base will enhance their effectiveness as future business partners, founders of companies, or investors.

Get the full report here

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