FOR IMMEDIATE RELEASE
Media Contact: Elizabeth Dowling
Mount Sinai Press Office
347-541-0212
NewsMedia@mssm.edu
Mount Sinai BioDesign Expands Industry Collaborations to Expedite and Enhance the Development of Innovative Surgical Technologies
New York, NY (October 2, 2024) – Mount Sinai Health System today announced that Mount Sinai BioDesign, the medical technology incubator of the Health System, has expanded its reach to become a key, effective partner for the broader MedTech community.
Through synergistic partnerships between clinicians, technologists, and industry partners, Mount Sinai BioDesign is able to offer an array of services, including expert clinical and engineering feedback, preclinical trial development and execution, data gathering and analysis, and pivotal clinical study management. Mount Sinai BioDesign has already established several mature partnerships that have successfully designed and launched clinical trials, conducted user-feedback studies, assisted in submissions to the U.S. Food and Drug Administration, and facilitated the development of novel algorithms. Mount Sinai BioDesign is now actively seeking to expand their collaboration with a growing number of industry partners.
“In recent years, Mount Sini BioDesign has evolved from focusing solely on internal projects to becoming a pivotal resource for industry partners and startups,” said Benjamin Rapoport, MD, PhD, Assistant Professor of Neurosurgery at Icahn Mount Sinai and Scientific Director of Mount Sinai BioDesign, “This strategic shift has enabled our team to assist external entities in navigating the complexities of health system integrations and accelerating the development and implementation of new technologies. By partnering with major industry leaders, we’ve been able to extend our impact into broader specialties at various stages of the translational pipeline, while enhancing their ability to effectively develop the next generation of tools to assist clinicians and improve patient treatment and care.”
Through its expansion, Mount Sinai BioDesign is engaging with startup companies via Elementa Labs, Mount Sinai’s virtual accelerator program that enables startups to explore ways to strategically align their efforts with Mount Sinai. Mount Sinai BioDesign is a key program partner in identifying and working with MedTech companies, helping to grow post-program opportunities that benefit both the startups and Mount Sinai’s broader initiatives
Established in 2017 under the leadership of Joshua B. Bederson, MD, System Chair of the Department of Neurosurgery, Mount Sinai BioDesign merges clinical and engineering expertise to catalyze the translation of innovative ideas into tangible solutions that improve patient outcomes. Initially focused on addressing internal clinical challenges, it has since become the cornerstone of medical innovation within the Mount Sinai Health System and developed a robust track record in project management and commercialization. The multidisciplinary team of clinicians, designers, engineers, and entrepreneurs has transformed complex medical challenges into opportunities for technological advancement, advancing the culture of innovation that is paramount at Mount Sinai.
“Mount Sinai BioDesign fosters an environment where novel concepts are transformed into patents, prototypes, and ultimately, commercially viable products,” said Dr. Bederson, Executive Director of Mount Sinai BioDesign and the Leonard I. Malis / Corinne and Joseph Graber Professor of Neurosurgery at Icahn Mount Sinai. “Each year, we engage with dozens of active clinicians and surgeons to guide them through a novel phase-gated system of product development and startup launch and we now also have a proven track record of successful projects with medical technology industry collaborators of all sizes. We are eager to expand our reach even further to offer unprecedented opportunities for startups and established industry leaders to refine their products and bring their innovations to the many patients we serve.”
About the Mount Sinai Health System
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 600 research and clinical labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time—discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it.
Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients’ medical and emotional needs at the center of all treatment. The Health System includes approximately 9,000 primary and specialty care physicians and 11 free-standing joint-venture centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida. Hospitals within the System are consistently ranked by Newsweek’s® “The World’s Best Smart Hospitals, Best in State Hospitals, World Best Hospitals and Best Specialty Hospitals” and by U.S. News & World Report‘s® “Best Hospitals” and “Best Children’s Hospitals.” The Mount Sinai Hospital is on the U.S. News & World Report® “Best Hospitals” Honor Roll for 2024-2025. For more information, visit https://www.mountsinai.org or find Mount Sinai on Facebook, Twitter and YouTube.
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