Tag: Healthcare Innovation

Launching a MedTech Company? Funding, Regulation & Success Strategies with Karandeep Singh Badwal

Launching a MedTech Company? Funding, Regulation & Success Strategies with Karandeep Singh Badwal

What does it really take to get a MedTech startup from concept to market? In this episode, Matt sits down with Karandeep Singh Badwal, a UK-based consultant, content creator, and host of The Medtech Podcast. They explore the realities of launching and funding MedTech ventures. Unpacking why early regulatory planning is a competitive advantage, how to avoid underestimating costs, and what founders often miss about sales and reimbursement after regulatory approval.

From raising capital and structuring equity to building quality systems that actually work, this conversation is packed with lessons for founders, investors, and innovators alike!

Here’s some of what we discuss in this episode:

💡 Plan for regulatory early- it’s your moat, not your obstacle
💰 Triple your expected budget (and then some)
🏥 Know your economic buyer, not just your user
📄 Build a quality system from day one

0:00 – Intro and guest background

2:38 – Why regulatory planning early matters

3:48 – The profile of today’s MedTech founders

6:20 – Funding realities & underestimated costs

9:59 – Building a funding roadmap

13:25 – Structuring equity & common mistakes

15:41 – Why regulatory approval ≠ sales

18:30 – Angel investing & blended funding strategies

21:23 – What happens after 510(k) approval

25:38 –EU vs. US pathways

28:07 – Karandeep’s personal passions & closing thoughts

Connect with Karandeep:

https://karandeepbadwal.com/

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Exploring MedTech Innovation in Medical Alley (Ep. 19)

Exploring MedTech Innovation in Medical Alley (Ep. 19)

Ready to explore cutting-edge MedTech innovation and its career impact? 

Matt Nelson, CFP®, and Frank Jaskulke, the now former VP of Innovation at Medical Alley, join together to discuss how Medical Alley drives healthcare advancements. Celebrating 40 years in 2024, Medical Alley has led initiatives like the angel investor tax credit and the Medical Device Innovation Consortium, cementing Minnesota as a MedTech hub. Frank shares invaluable insights on Medical Alley’s history, mission, and industry impact for professionals and entrepreneurs.

Key Highlights:

  • Collaborative Ecosystem: How Medical Alley unites medical device companies, hospitals, insurers, and supply chains to foster innovation and public health outcomes
  • MDIC’s Role: Bringing together FDA scientists and industry experts to enhance product safety, efficacy, and approval processes
  • Angel Investor Tax Credit: Boosting innovation with a 25% refund on investments in Minnesota-based high-tech startups
  • Healthcare Digitization: Exploring digital transformation to reduce costs, improve quality, and address rising healthcare expenses
  • Medical Alley Starts: Supporting entrepreneurs with resources to connect with investors, partners, and talent, accelerating innovation
  • Career Development: Networking and execution advice for newcomers to enhance career opportunities within Medical Alley
  • International Expansion: Bringing global innovations to Minnesota to further enhance the state’s MedTech industry

Tune in for actionable advice and insights into the factors shaping MedTech innovation and career development.

 

Resources:

Connect with Matt Nelson:    

Connect with Perspective 6 Group:       

Connect with Frank Jaskulke: 

 

About Frank Jaskulke: 

As the Vice President of Innovation at Medical Alley, Frank Jaskulke played a crucial role in driving the nonprofit association’s mission to make Minnesota the epicenter of health innovation and care. With a robust background in supporting MedTech startups and fostering industry collaboration, Frank’s leadership has been instrumental in launching initiatives like the Medical Device Innovation Consortium and the angel investor tax credit, significantly impacting the MedTech landscape. Since recording, Frank has moved on from Medical Alley to another opportunity.