Working from a problem to a full prototype in less than one year, in such a complex field, was so rewarding. Add to that the diverse viewpoints from future
engineers, doctors, and lawyers made it a truly one-of-a-kind experience. Looking back, IMIG was by far the most valuable part of my MBA.
Riley LindCo-founder, IMIG Team #1
Iowa Medical Innovation Group (IMIG) is a two-semester interdisciplinary program introduces you to all phases of medical device/technology development. Students from the colleges of Business, Engineering, Law, and Medicine will collaborate in a real-world environment to identify a medical need, create a solution, and move it through the development and commercialization process.
PROGRAM BENEFITS & ACTIVITIES
Through this program you will: 1) develop knowledge of the entire medical innovation process and 2) research and develop novel medical devices, therapy, or model of care that could lead to the creation of a new company or a licensing agreement with an existing company.
- Request for Problems: Each spring, a “Request for Problems” is distributed throughout the UI medical community to seek out possible projects for IMIG. During the summer, IMIG students conduct a needs assessment on the top problems submitted to determine market potential, current competition, and overall potential. In August, UI faculty work with the University of Iowa Research Foundation to develop a finalized list for the students to choose from.
- Meetings: Weekly meetings are held on Wednesday nights from September through April. The basic schedule is as follows: Week 1: All IMIG meeting to discuss projects/issues; Week 2: All IMIG meeting with guest speakers and networking time (this meeting is open to the external community) ; and Weeks 3 and 4: IMIG student team meetings to work on the projects
- Mentoring: Monthly mentoring will be provided to teams by UIHC physicians, industry experts, and UI faculty.
- Capstone Presentations: A presentation summarizing the team’s new device and business/commercialization plan will be given during Engineering Senior Design Week and to the faculty and industry mentors.
- Competitions: JPEC sponsors several elevator pitch and business plan competitions throughout the year. Additionally, JPEC will submit top concepts to national business plan competitions. IMIG teams will have the opportunity to compete and win funding to support their commercialization projects.
- Complete assigned initial needs assignment over the summer
- Attend all scheduled lectures, weekly team meetings, and monthly mentoring meetings
- Complete the device design, initial commercialization plan, and capstone presentations