MedTech Economic Development and Entrepreneur Non-Profits Develop Strategic Partnership in Idaho
Via The CORE news release
The CORE, a non-profit focused on catalyzing the MedTech ecosystem in Idaho, and the Wayne Brown Institute (WBI) have developed a strategic partnership. The WBI is a Utah-based non-profit which educates companies through Cooperative Venturing, a mentor-based training in the art and science of becoming attractive and viable investments-the essence of commercialization.
The Wayne Brown Institute has an impressive track record of success connecting entrepreneurs with investors. To date, they’ve helped over 850 Utah alumni companies raise over $8.5 Billion in financial transactions. WBI has deep roots in MedTech with four of its Board members who are MedTech Investors. WBI MedTech Alumni companies include Myriad Genetics, Sonic Innovations, and AdvancedMD. The organization has recently expanded its Utah program, opting to put roots in Idaho.
The CORE is a non-profit organization in Idaho focused on developing and supporting the MedTech industry. Idaho has a growing MedTech industry with companies like Proskriptive, Behavioral Imaging, and Healthfundr developing their companies in the state.
The CORE and the Wayne Brown Institute have partnered to deliver more support, guidance, and opportunities to local MedTech businesses. This strategic partnership will drive growth of MedTech entrepreneurs through mentorship and commercialization programs specifically suited for the Life Science Industry, providing critical knowledge and resources to Idaho’s burgeoning MedTech ecosystem.
The strategic partnership between these two organizations will not only aid in the development of MedTech entrepreneurs, but in the industry ecosystem overall. Business models for MedTech start-ups can face a variety of unique barriers in accessing capital. The Wayne Brown Institute, with experience working with MedTech startups, can help entrepreneurs understand the metrics both investors and the overall market desire, increasing the opportunity to attract investment.