Thinking like an entrepreneur – Views from a Biomaterials Expert

“If you are a researcher thinking about commercialising your work, then make sure you innovate according to market needs,” says Professor Buddy Ratner, Director of the University of Washington Engineered Biomaterials (UWEB). Professor Ratner suggests that wearing your “business hat” as opposed to the “professor hat” can be an important driving factor in taking your product to the market. Classic professor thinking, he says, is inventing a product and then figuring out what you can use it for. This will not bring the results that you might want. Professor Ratner shared some of his experience gleaned over 40 years in the recent April “Connecting New Zealand Biomaterials” workshop organised by the MedTech CoRE. The event brought together researchers, clinicians and companies in regenerative medicine to share current developments in New Zealand and explore ways in which new materials could provide solutions for challenges faced by orthopaedic surgeons. Professor Ratner is funded by a Royal Society Catalyst Leadership grant to help advance New Zealand’s research and commercial activities in regenerative medicine and biomaterials. He is back in September and will be available for meetings. Contact the MedTech CoREfor more information.

Regenerative Medicine is one of the Themes of the MedTech CoRE. Our work focuses on the development and manufacturing of bone and tissue scaffolds primarily in orthopaedics and dental applications. This portfolio was featured in a HealthTech Hui hosted by the Ministry of Health in April.

by Kanmani Bala

See caption.
Buddy Ratner presents his talk