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National Instruments to Further Medical Device Development With Grants in 2009
Date:2/9/2009

Software and Training Grants Help Companies Design, Prototype and Deploy Medical Devices Faster and More Cost-Efficiently

AUSTIN, Texas, Feb. 9, 2009 /PRNewswire-FirstCall/ -- National Instruments (Nasdaq: NATI) today announced it will continue its investment to further medical device development by offering software and training grants in 2009. As the global economic climate tightens, the medical device industry continues to thrive. A recent study of more than 1,000 medical device manufacturers by medical device consulting firm Emergo Group reported 61 percent of respondents expect sales for their companies to increase in 2009. To help medical device manufacturers meet this demand, NI is accepting applications for the 2009 Medical Device Grant Program, which provides start-up assistance for those who are interested in using NI hardware as a component of their medical devices.

Because many of the innovative advances in medical technology over the past 20 years have been developed by small, entrepreneurial medical technology companies, National Instruments has created a grant program that awards up to $25,000 USD in software and services to start-up medical device companies that are evaluating NI hardware as a component of their devices. The goal of the grant program is to help start-up companies reduce the cost and complexity of development by providing them with technology such as the easy-to-use NI LabVIEW graphical system design platform. NI is accepting applications for the grant program until Nov. 30.

In 2008, National Instruments granted more than $340,000 in software and training to 21 medical device developers. Engineers use NI hardware and software solutions for medical devices to save time and mon
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SOURCE National Instruments
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