A synergistic program between engineering and business schools towards medical technology commercialization

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Governments in developing countries have invested in institutions of higher learning in order to develop homegrown, high technology products. Among these, the National University of Malaysia (Universiti Kebangsaan Malaysia), recognized as a Research University, is actively involved in projects related to medical technology through its various faculties. The net result of these activities is impressing from the point of view of patents and publications, but unfortunately not yet in terms of commercialization. This paper starts by presenting the main obstacles towards the objective of bringing a laboratory prototype to the market in the context of Malaysia. Then, a framework is presented whereas a new academic program is introduced to cater for the need of educating engineers and MBA students to enable them to actively engage in the challenging process of product development with the aim of commercialization. In this proposed program, proposed to be jointly offered by the Graduate School of Business (GSB) and Faculty of Engineering & Built Environment, students are given the mandate of entrepreneurs, with each group having first to shortlist medical devices/technology needed by the community, then identify specific devices based on criteria's such as manufacturability and marketability. Each group of students will also have to prepare a business plan and present it to a real group of outside investors which will comment on the feasibility of the project. Prior to these activities, students have taken courses on medical technology innovation. It is thought that the above program can eventually produce successful start-ups, with the various obstacles specific to developing countries having been carefully investigated along the way. Given it's applicability to other developing economies, it may be replicated as a useful model in other parts of the world.

Original languageEnglish
Title of host publicationIEEE TENSYMP 2014 - 2014 IEEE Region 10 Symposium
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages456-461
Number of pages6
ISBN (Print)9781479920280
Publication statusPublished - 23 Jul 2014
Event2014 IEEE Region 10 Symposium, IEEE TENSYMP 2014 - Kuala Lumpur
Duration: 14 Apr 201416 Apr 2014

Other

Other2014 IEEE Region 10 Symposium, IEEE TENSYMP 2014
CityKuala Lumpur
Period14/4/1416/4/14

Fingerprint

Students
Developing countries
Industry
Product development
Innovation
Engineers

Keywords

  • Developing countries
  • Medical technology innovation
  • Technopreneurship program

ASJC Scopus subject areas

  • Computer Science(all)
  • Engineering(all)

Cite this

Zahedi, E., Kok Beng, G., Chell, K., Ali, M. A. M., & Mustafa, M. M. (2014). A synergistic program between engineering and business schools towards medical technology commercialization. In IEEE TENSYMP 2014 - 2014 IEEE Region 10 Symposium (pp. 456-461). [6863076] Institute of Electrical and Electronics Engineers Inc..

A synergistic program between engineering and business schools towards medical technology commercialization. / Zahedi, E.; Kok Beng, Gan; Chell, Kalaivani; Ali, M. A M; Mustafa, Mohd. Marzuki.

IEEE TENSYMP 2014 - 2014 IEEE Region 10 Symposium. Institute of Electrical and Electronics Engineers Inc., 2014. p. 456-461 6863076.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Zahedi, E, Kok Beng, G, Chell, K, Ali, MAM & Mustafa, MM 2014, A synergistic program between engineering and business schools towards medical technology commercialization. in IEEE TENSYMP 2014 - 2014 IEEE Region 10 Symposium., 6863076, Institute of Electrical and Electronics Engineers Inc., pp. 456-461, 2014 IEEE Region 10 Symposium, IEEE TENSYMP 2014, Kuala Lumpur, 14/4/14.
Zahedi E, Kok Beng G, Chell K, Ali MAM, Mustafa MM. A synergistic program between engineering and business schools towards medical technology commercialization. In IEEE TENSYMP 2014 - 2014 IEEE Region 10 Symposium. Institute of Electrical and Electronics Engineers Inc. 2014. p. 456-461. 6863076
Zahedi, E. ; Kok Beng, Gan ; Chell, Kalaivani ; Ali, M. A M ; Mustafa, Mohd. Marzuki. / A synergistic program between engineering and business schools towards medical technology commercialization. IEEE TENSYMP 2014 - 2014 IEEE Region 10 Symposium. Institute of Electrical and Electronics Engineers Inc., 2014. pp. 456-461
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