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Smith & Nephew co-sponsors annual M2D2 competition for entrepreneurial medical device companies
Date:1/14/2014

LONDON, Jan. 14, 2014 /PRNewswire/ -- Smith & Nephew (NYSE: SNN; LSE: SN), the global medical technology business, is proud to announce it will co-sponsor the 2014 Massachusetts Medical Device Development (M2D2) Center's New Venture Competition. Designed to showcase innovative ideas coming out of early-stage medical device companies, the nationwide competition will focus on Joint Reconstruction, Sports Medicine, and Trauma.

The prizes will total $50,000 of in-kind services including facilities, engineering, legal, business and medical device assistance from Smith & Nephew and the competition co-sponsors, Nutter McClennen & Fish LLP and M2D2, a joint initiative of the University of Massachusetts' Lowell and Worcester campuses.

"We're excited about this collaboration," explains Dr. Ruth Cheng, Director of Innovation for Smith & Nephew. "Not only does it build on our reputation as innovation leaders; it helps us foster relationships with those entrepreneurs who are on the cutting edge of the growth areas we target."

"M2D2 is grateful for Smith & Nephew's support of the New Venture Competition and of entrepreneurs and startups in the medical-device sector," said Steven Tello, UMass Lowell's associate vice chancellor for entrepreneurship and economic development. "We are honored to work with a company that exemplifies success in the industry both in Massachusetts and around the globe."

For the competition, Smith & Nephew has identified five areas where innovation will help address current and future needs in orthopaedic reconstruction, sports medicine, and trauma:

  • Tools which enable procedure simplification: Solutions would reduce procedural steps,
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