Crowdfunding for Medical Devices

A new web-based company helps connect medical device startups with potential investors, reports CNBC.

Be-a-MedFounder accepts proposals from device companies, and selected projects are featured on the site. For 90 days thereafter, investors will be able to contribute to the project to help reach funding goals, with each investor contributing as little as $10.

The founders of Be-a-MedFounder hope the site will bring funding to projects that may not sound appealing to big-time investors, but are important to patients and families, according to CNBC.

"These are problems that people don't talk about," said Daniel Yachia, co-founder and CMO. "They don't talk about leaking bladders or inserting a catheter. The medical devices are discreet things."

More Articles on Medical Devices:

Center for Internet Security Launches Initiative for Medical Device Cybersecurity
Research-Backed Tech: App That Diagnoses Atrial Fibrillation and Tool to Detect Malware in Medical Devices
FDA: How to Use Radio-Frequency Wireless Healthcare Devices 

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