How does the Edison Nation Medical evaluation and commercialization process work?

Given the high degree of complexity involved in evaluating and commercializing acute care, durable medical/home care, and retail consumer healthcare innovations, we have developed a multi-step process for handling each idea:

Stage 1: Submission Received


Our Evaluation team confirms that the Inventor’s idea, along with any patent and product sketch information, if applicable, was securely and successfully received.

Typical timing: within 48 hours

Stage 2: Pre-Screen

Confirm that the submission meets any minimum requirements necessary, including:

  1. Idea is medical in nature
  2. Idea relates to a device, technology or app
  3. Idea is not related to process improvement, cultural change, new program or service line development
  4. If submitted in response to a particular search, idea meets minimum criteria of that search

Typical timing: within 30 days

Stage 3: Initial Feasibility Review (includes Intellectual Property, Medical, Technical and Market assessment)

Stage 4: Intermediate Feasibility Review (includes Intellectual Property, Medical, Technical and Market assessment)

Stage 5: Advanced Feasibility Review (includes Intellectual Property, Medical, Technical and Market assessment)

Within Feasibility Stages 3, 4 and 5, the bulk of the idea evaluation occurs. These high-iterative stages involves more than 100 experts at times and, in our years of experience, addresses the four most important aspects determining an idea’s commercial potential:

1.   Intellectual Property Position, including

  1.  Uniqueness of the innovation idea
  2.  Patentability of the idea

2.   Medical Efficacy, including

  1.  Potential application(s) of the innovation & clinical feasibility
  2.  Clinical efficacy
  3.  Current standard of care the innovation would enhance or disrupt

3.   Technical Efficacy, including

  1.  Ability to design effectively and manufacture within acceptable cost parameters
  2.  Ease of use by the end-uses

4.   Commercialization Assessment, including

  1.  Combined market size for all potential applications
  2.  Cost reduction and/or improved patient satisfaction benefits
  3.  Current or foreseeable competition
  4.  Channel(s) of distribution
  5.  Regulatory pathway
  6.  Reimbursement requirements & opportunities
  7.  Customer validation
  8.  Potential purchase order

Typical timing: within 1-9 months, depending on complexity of the idea

Stage 6: In-Depth Commercialization Assessment

We gain deeper insights into the true commercial potential for an idea by gathering “voice of the customer” feedback from our strategic partners and, when appropriate, even secure first purchase orders for inventions these partners agree are game-changing.

We have strong strategic partnerships with leading acute care provider systems, durable medical equipment companies, and consumer healthcare retailers. As such, we are able to gather appropriate feedback depending on ultimate distribution channel for each invention idea that progresses to Stage 6.

Typical timing: 3-6 months

Stage 7: Finalists


Idea submissions that progress to Stage 7 are considered “Finalists” and are passed to our Business Development team, who then begin proactive outreach to our community of Innovation Partners, which include manufacturing and other commercialization organizations that have expressed interest in reviewing and potentially licensing our Inventors’ ideas. Ideas submitted as part of a sponsored search are presented to our Search Sponsor for consideration at this stage.

Typical timing: within 6-12 months

Stage 8: Negotiations

The Edison Nation family has deep experience in negotiating agreements for the licensing or sale of innovation ideas. We have extensive knowledge of market terms and conditions and we have strong economic incentive to obtain the best terms possible in the market on behalf of our inventors. In this stage, our business development team handles all aspects of negotiations related to the licensing or sale of an Inventor’s idea while keeping our Inventors informed of the progress and outcome.

Typical timing: within 3-6 months

What criteria are used to determine whether an idea is good or not?

In our years of experience evaluating and commercializing healthcare innovations across acute care, home care and retail healthcare, we’ve identified 15 key criteria that must be examined carefully. One of the key advantages of working with Edison Nation Medical to commercialize your healthcare innovation idea is that we have world-class expertise (in-house and through our strategic partnership with Carolinas HealthCare System) in all of these areas:

1.   Intellectual Property Position, including

  1.  Uniqueness of the innovation idea
  2.  Patentability of the idea

2.   Medical Efficacy, including

  1.  Potential application(s) of the innovation & clinical feasibility
  2.  Clinical efficacy
  3.  Current standard of care the innovation would enhance or disrupt

3.   Technical Efficacy, including

  1.  Ability to design effectively and manufacture within acceptable cost parameters
  2.  Ease of use by the end-user

4.   Commercialization Assessment, including

  1.  Combined market size for all potential applications
  2.  Cost reduction and/or improved patient satisfaction benefits
  3.  Current or foreseeable competition
  4.  Channel(s) of distribution
  5.  Regulatory pathway
  6.  Reimbursement requirements & opportunities
  7.  Customer validation
  8.  Potential purchase order