Seven new medical devices were unveiled and introduced at the Fourth Medical Device Innovation Festival held last week at Iran Chamber of Commerce, Industries, Mines and Agriculture in Tehran.
The event was organized in cooperation with the Intellectual Property Market, affiliated to the over-the-counter market Iran Fara Bourse. “The IPM is a platform that helps both venture capitals and small tech companies fund their ventures,” IRNA reported.
“One of the main problems that exist in commercializing innovative ideas in producing medical devices locally, is the lack of a proper platform for owners of ideas and investors to connect and communicate,” said Akbar Qanbarpour, director of Iran Technology Market, on the sidelines of the festival.
The festival aimed to build a bridge between investors and university students, enthusiasts and young innovators to enable investors to buy patents for mass production.
Various entities active in the field of medical and pharmaceutical industries including exporters and importers of medical devices and local producers of medical, dental and lab equipment attended the event to browse among the patents and choose their area of interest for the purpose of investment.
The seven inventions unveiled were cuffed endotracheal tubes (suitable for short-term oral or nasal intubations), a multi-stage hospital waste disinfecting system, an automated external defibrillator (AED) (a lightweight, portable device that delivers an electric shock through the chest to the heart), a multifunctional orthopedic bed, a respiratory physiotherapy device, rehabilitation devices for treatment and prevention of diabetic foot ulcers and arthritis, and a tool to prevent airway obstruction in the process of endoscopy.
The seven inventions were selected from among 100 proposals sent to the festival’s secretariat since April.
Each device was presented to prospective investors for a total of 15 minutes followed by a question and answer section.
