AARC Sponsors Program for Innovation for Members Only
September 4, 2014
AARC members now have a new opportunity for sharing their ideas for innovation for better patient care, in a new partnership with Edison Nation Medical, a healthcare innovation company that helps bring product ideas to market.
“One of AARC’s goals is to give our members ways to continuously improve patient outcomes and shape the future of respiratory care,” said Tom Kallstrom, MBA, RRT, FAARC, Executive Director and CEO of the AARC. “We’re certain our members have excellent ideas about how to deliver respiratory care more safely, efficiently and effectively, and by working with Edison Nation Medical, they can submit their concepts for professional evaluation and safely explore commercialization opportunities with a trusted and experienced partner.”
Kallstrom explains that individuals must be members of the AARC in order to submit ideas and membership status will be confirmed during the login process. In this initial launch phase, general ideas related to respiratory care are being sought from any AARC member and a call for ideas related to mechanical ventilation is coming soon.
Edison Nation Medical has 12+ years experience working with individuals and small business to bring innovation to market.
“The people who deliver direct patient care have the best understanding of what works and what needs to be improved,” said Robert Grajewski, President of Edison Nation Medical. “AARC is an advocate for respiratory professionals and pulmonary patients, so the partnership with AARC is a natural fit to help facilitate ideas in respiratory care products to improve patient outcomes while rewarding the creativity of its care providers.”
Members who wish to participate by sharing their ideas must first register at no cost. Only when you submit an idea do you pay a $25 submission fee. The Edison team of medical, product development and legal experts vet the ideas and further investigate the feasibility of those that may be marketable. The end goal is to commercialize each qualified product idea either by licensing the idea to a medical device manufacturer or by starting a company around the idea and, when successful, Edison Nation Medical shares licensing royalties or revenues with the inventor.
The $25 fee is all you will ever pay, which is unlike other invention marketing brokers who ask for substantial financial commitments up front.
“We believe a service like this will be of great benefit to our members,” said Kallstrom. “Respiratory therapists are a unique and creative bunch who have shown that innovation is in their blood. We hope we can help some of our members and many more of our patients with some great ideas brought to life.”