FAER hosted the first-ever Anesthesiology Conference on Innovation and Entrepreneurship on January 18, 2014.
ACIE aimed to expand knowledge of invention and innovation in anesthesia, and educate anesthesiologists on how to be successful physician entrepreneurs. At the meeting, attendees met fellow academic anesthesiologists and innovators, investors and members from industry, who are interested in intellectual property development and technology commercialization. And they learned from experienced physician entrepreneurs and a top-tier group of experts who discussed key ingredients underlying effective “bench to bedside” product development and technology commercialization efforts.
After ACIE’s sessions, workshops and networking, attendees were able to:
- Understand how to communicate about a product or invention with potential funding sources such as corporations, venture capitalists and financial institutions.
- Differentiate between various types of funding, such as corporate, venture capital and federal (Small Business Innovation Research grants).
- Know how to navigate pathways for technology licensing and commercialization at your institution, and tackle issues such as protecting intellectual property and patent agreements.
- Understand common regulatory issues and pathways for drug, device and combination products.
ACIE is a novel activity that exemplifies FAER’s mission to advance medicine through research and education in anesthesiology. Thank you to the corporate sponsors (Cook Medical, Masimo, Baxter, Dräger and Piramal) for their generous financial support of the inaugural event.