In this episode, Spencer Jones, Founder of XO Medtech, discusses the problem with innovation silos in medical technology and the commercialization process. Spencer highlights how innovators are often afraid to share information about what they are working on, and this can stifle progression. Additionally, there is a lack of access to open networks for comprehensive practical knowledge transfer related to commercialization.

Spencer outlines how XO Medtech’s platform offers a new online community approach for educating and connecting innovators, helping provide them with the resources needed to succeed. This includes a community forum, educational content, and a range of free templates. As well as aiding knowledge transfer, an additional platform, Medtech Vendors, will help improve the process of finding the right suppliers. With community and value-driven connections at the heart of all they do, this is definitely a conversation to keep you informed and inspired.

Here are the key takeaways:

• Siloed nature of Medtech and Medtech innovation: Startup resources are often constrained by location and network which can hinder innovation.
• Limited access to specialized networking & knowledge training: Medtech innovators often have difficulty finding accessible resources and support they need to succeed.
• Importance of building a community: XO Medtech is building a community of Medtech innovators to help them connect with each other and share resources.
• Focus on actionable content: The platform provides innovators with access to practical tools and templates to help them advance their businesses.
• Standardization of processes: A new Medtech Vendors platform will help standardize the procurement process in the Medtech industry to improve efficiency.