Project Title: Marketing & Business Development
Company TA
| Details | |
|---|---|
| Project Title | Marketing & Business Development |
| Project Topics | Growth Strategy Marketing |
| Skills & Expertise | |
| Project Synopsis: Challenge/Opportunity |
A tracheostomy is a medical procedure that involves creating an opening in the neck in order to place a tube into a person’s windpipe. The tube is inserted through a cut in the neck below the vocal cords. This allows air to enter the lungs. Breathing is then done through the tube, bypassing the mouth, nose, and throat.
Patients with tracheostomies are at risk for serious complications that may be life threatening. Because tracheostomies bypass the body’s mechanism for humidification, secretions can become very thick and can cause the tracheostomy to become obstructed. This can quickly become life threatening. A tracheostomy may also inadvertently become displaced from the windpipe resulting in an accidental decannulation. This may also be potentially life threatening. Current methods for monitoring patients with tracheostomies monitor secondary symptoms of obstruction or decannulation.
Our team of caregivers has developed a device to:
· Monitor patients for obstruction or accidental decannulation
· Alert caregivers in a more timely fashion
· Potentially save lives
· Make tracheostomies safer
Team Responsibilities:
Students will be responsible for the development of business model(s) and business plan(s).
This would include:
● Researching, analyzing and sizing the tracheostomy/decannulation market
● Researching, analyzing and sizing the medical devices market
● Identifying potential investor opportunities
● Developing a business plan(s) for bringing the product to the market
● Developing a business model for the product after market introduction
Team Qualifications:
Ability to:
● Quickly learn the clinical aspects of tracheostomy and decannulation
● Assist in bringing the product to clinical trial
● Develop marketing materials, promotional plans, training plans, and forecasts
● Contribute to the development of global brand strategies for the products including
value propositions
● Partner with the inventors to lead the team from product conception to launch
● Build collaborative relationships with physicians, organizational and individual investors
● Work efficiently in a fast-paced environment and be comfortable with ambiguity and change
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| Project Synopsis: Activities/Actions Required | |
| Project Synopsis: Expected Results |
Project Timeline
| Touchpoints & Assignments | Date | Type |
|---|---|---|
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Welcome, Spring 2022 Applicants! |
Jan 12 2021 | |
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Application Launch for Spring 2022 Projects |
Jun 12 2021 | |
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Resume Upload for Spring 2022 Projects |
Jun 12 2021 | Submission Required |
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Program Kickoff |
Feb 14 2022 | Event |
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Final Peer Evaluation Due |
Apr 05 2022 | Evaluation |
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Final Self Evaluation Due |
Apr 05 2022 | Evaluation |
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Deadline for Spring 2022 Projects |
Jun 01 2022 | |
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Mid-Term Town Hall Presentations |
Jul 03 2022 | |
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First Day of Classes |
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Teams Finalized & Sudents Notified |
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Reminder of Confidentiality |
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Temp Check #1 Due |
Evaluation | |
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Temp Check #2 Due |
Evaluation | |
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Final Town Hall Presentations |
Teams
| Team Name | Project Name | Team Members |
|---|---|---|
| No Teams Available |