New partnership to more effectively commercialize devices, care innovations

A new partnership between a healthcare organization and a healthcare innovation marketplace aims to commercialize medical devices and consumer-relaed healthcare inventions in a more rapid and widespread fashion.

Edison Nation Medical, a marketplace headquartered in Charlotte, N.C., has teamed up with Mount Sinai Innovation Partners (MSIP), Mount Sinai Health Network's technology development and commercialization group, to match inventors, entrepreneurs and universities with potential manufacturing partners with MISP's clinical tool and medical device innovations.

This partnership allows both organizations to expand innovation beyond the laboratory by encouraging constituents from across the health system including primary care and clinical service personnel, to share new inventions, according to an announcement.

“MSIP is excited to introduce Edison Nation Medical to our institution,” said Erik Lium, PhD, vice president, Mount Sinai Health System and executive director of MSIP. “It is a great opportunity to engage with additional stakeholders outside of the traditional research environment who contribute to our innovative culture and have a positive impact on the future of healthcare.”

Under the terms of this agreement, MSIP will submit appropriate inventions in the clinical tool and medical device spaces to Edison Nation Medical, adding value to MSIP’s innovation evaluation, prioritization and development processes.

“Leading research institutions like Mount Sinai generate a significant volume of high-quality innovation,” said Robert Grajewski, president of Edison Nation Medical. “At Edison Nation Medical, we have the infrastructure and expertise to handle innovation at scale, and we’re thrilled to work with MSIP to help them efficiently translate devices and consumer-related healthcare products from concept to marketplace.”