For example, we continue to seek inexpensive, quick, accurate solutions that enable early diagnosis of cartilage damage.”įor the competition, Smith & Nephew has identified five areas where innovation will help address current and future needs in orthopaedic reconstruction, sports medicine, and trauma: “We are known as a company that takes a pioneering approach to the design of our products and services and this competition helps us foster relationships with those entrepreneurs who are on the cutting edge of medical device innovation. Ruth Cheng, Director of Innovation for Smith & Nephew’s Advanced Surgical Devices division.

“Our experience last year was wonderful and helped make our decision to come back again this year even easier,” explains Dr. “It also significantly raised our profile and further accelerated our development due to our affiliation with M2D2, UMass Medical, and a world-renowned medical device company like Smith & Nephew.” “Participating and winning the 2014 M2D2 New Venture Competition forced business plan discipline and rigor, better preparing us to approach investors,” explains Paul Hayre, CEO of Sano, LLC. “Due in large part to this type of continued collaboration, our service prizes will double this year.”įor 2015, the competition’s prizes have been increased from $50,000 to $100,000 of in-kind services including facilities, engineering, legal, business and medical device assistance from Smith & Nephew and other co-sponsors, as well as M2D2, a joint initiative of the University of Massachusetts’ Lowell and Worcester campuses.įor past winners, the competition has delivered by helping move their companies’ development forward. “We are thrilled that Smith & Nephew is sponsoring M2D2’s New Venture Competition again this year,” says Stephen McCarthy, M2D2 Director and Professor of Plastics Engineering, University of Massachusetts Lowell. The annual, nationwide competition is designed to showcase innovative ideas coming out of early-stage medical device companies.

2, 2015 /PRNewswire/ - Smith & Nephew (NYSE: SNN LSE: SN), the global medical technology business, is proud to announce it will again co-sponsor the Massachusetts Medical Device Development (M2D2) Center’s New Venture Competition. Smith & Nephew returns as co-sponsor for annual M2D2 competition for entrepreneurial medical device companies (press release)

Smith & nephew sports medicine