Funding for New Medical Device Innovators

MediPurpose™ specializes in funding early-stage medical device innovations—typically at the conceptual or prototype stage—that are not yet on the market.

More Than Just Medical Device Angel Funding

MediPurpose prefers to cooperate with early-stage innovators by providing angel funding.

Unlike most individual angel investors, we also provide the critical support and guidance you need to navigate your journey of developing, testing and commercializing your invention.

More Than Just Medical Device Venture Capital Funding, Too

Venture capital investors typically expect the inventor to build and manage an operating company.

In contrast, MediPurpose provides an experienced management team that has successful industry experience and comprehensive operational support.

We've Also Been There

MediPurpose's proven success with the development, manufacturing and commercialization of the SurgiLance™ safety lancet is an advantage that few other angel or venture capital investors can offer.


We encourage you to learn more about MediPurpose's history and medical products and to contact us when you are ready to take your innovation to the next level.

 

From Concept to Commercialization

MediPurpose’s experience in medical device innovation dates back to 1999 when it was known as SurgiLance.

In January 1999, builder and global entrepreneur Patrick Yi founded a company called SurgiLance. A decade later, the company had become MediPurpose™, one of the top five leaders in the highly competitive U.S. safety lancet market.

Building upon its success within the safety lancet market, MediPurpose has created a solid master distributor network and a proven methodology for taking innovations from concept to commercialization.

Begun in Singapore following the invention of a superior safety lancet, the company grew quickly, with sales topping $1 million by 2001. By the end of 2002, SurgiLance had established a comprehensive network of major national and regional medical device distributors for all the healthcare segments in the U.S.—acute care, alternate care and long-term care. Sales had tripled to $3 million.

Noting this achievement, Frost and Sullivan awarded its Distribution Leadership Award to the company in 2003. In addition, the SurgiLance™ safety lancet was selected by the Veteran’s Administration (VA) as the exclusive lancet for use in all their hospitals.

Success in the U.S. market led the company to expand globally. At the end of 2003, MediPurpose established an office in London. Once the company received its CE and ISO 9000 certifications, growth accelerated. MediPurpose signed a contract with the U.K.’s National Health Service in 2004.

In 2006, the company changed its name from SurgiLance to MediPurpose to reflect its new direction: geographical expansion beyond the United States and a more diverse product portfolio.

MediPurpose also began contracting with other companies seeking a proven distribution network. Leveraging its existing relationships with distributors and GPOs, MediPurpose became a medical device master distributor.

As MediPurpose’s reputation grew, medical device innovators as well as established organizations approached the company for advice and assistance. In response, MediPurpose established a medical device innovation division to assist others in achieving the same level of success.

 

Medical Device Funding, Development and Consulting

The MediPurpose™ Medical Device Innovation division is a center for medical device development and new medical inventions.

Taking a new medical invention from concept to commercialization can be a difficult process, one that becomes virtually impossible without the collaboration and assistance of skilled experts who have successfully made the journey in the past.

MediPurpose has the funding, proven methodology and global experience to assist innovators and inventors through the entire process:

  • Medical Device Idea Conception

  • Product and Market Review

  • Business Case Development

  • Medical Device Design

  • Device Testing & Validation

  • Device Production

  • Market Launch

  • Medical Device Distribution

  • Product Lifecycle Management

The company’s comprehensive suite of support services facilitates every stage of medical device development and commercialization. MediPurpose provides a flexible approach that allows inventors and small medical device companies to choose the services they need, when they need them.

MediPurpose’s depth and breadth of experience helps move new medical inventions forward quickly and cost effectively.

 

 

 

 

 

Join MediPurpose on FaceBook LinkedIn YouTube Delicious Twitter