An average amount of $ spent on health care per person, per year in the US is:
$12,000
When the US government issues a patent to you, you gain specific rights to:
exclude others from practicing your invention
FDA (Food and Drug Administration) has the authority to approve:
Sale of drugs
Sale of medical devices
Transportation of drugs across state lines
What is translational biomedical engineering?
The process of advancing biomedical
technology toward commercial implementation
The 3 I’s of Translational Biomedical Engineering:
Identify the need
Invent Solution
Implement
Two models of innovation:
Technology Push
Market Push