The Medtech Innovation Podcast cover art

The Medtech Innovation Podcast

The Medtech Innovation Podcast

By: Spencer Jones
Listen for free

About this listen

Medtech Innovation Podcast: Spencer Jones dives deep into winning medtech startup strategies. Each episode unpacks hot takes and insider tactics from the trenches of medtech innovation. Join physician inventors, founders, engineers, and healthcare market makers as they share actionable insights to navigate the FDA, secure medtech funding, and drive medtech breakthroughs. No-nonsense advice to be a change maker in medtech.©️ 2024 XO Medtech Career Success Economics Leadership Management & Leadership
Episodes
  • How to save money on patents
    Jun 24 2025
    I'm joined by John Behles, Owner at Lexigent LLC and Founder & GP at PhiCAP Fund, as we explore the critical role of intellectual property strategy in medtech success, common IP pitfalls that destroy startup valuations, and how physician-led venture capital is reshaping healthcare investing.In this episode, we dive deep into:The IP Strategy Foundation → Why doing your own prior art research makes you a more sophisticated founder → The critical difference between landscape opinions, FTO studies, and patentability searches → How to create a comprehensive IP strategy before you ever file a patentThe Gold Standard IP Timeline → Why smart founders do FTO studies before product development even begins → The sliding scale approach: when simple DME products don't need comprehensive IP protection → How to avoid the "caveman approach" of filing patents without strategyPatent vs. Trade Secret Strategy → When black box technologies should stay trade secret instead of being patented → How one cybersecurity company got a $50M valuation through trade secret strategy → Why software patents face court hostility and abstract rejectionsInternational Patent Protection → The counterintuitive advantages of filing PCT first instead of US provisional → How to get your patent allowed in 4-6 months using Patent Prosecution Highway → Why Track One applications are often a waste of $2,000Licensing Deal Negotiation Landmines → Why "net royalty" rates will destroy your economics (hint: $3 left from $1,000 revenue) → The power of floor pricing and volume-based escalators → How warranties and indemnification clauses can bankrupt startupsPatent Examiner Psychology → Why adversarial patent attorneys hurt your chances of getting patents allowed → The relationship-first approach that dramatically improves patent prosecution success → How to conduct interviews that actually move your case forwardThe Physician-Led Venture Revolution → How PhiCAP Fund enables physicians to be their own private equity → Why private equity acquisition of medical practices is destroying healthcare → Creating two monetizable vehicles through IP holding company structuresDue Diligence Red Flags → The licensing assumption trap that kills deals before they start → Why patent portfolios can become net negatives in M&A situations → How Inter Partes Review turned patent ownership into a liabilityBest Quotes: "If your patent strategy is 'I want to go and enforce my patents against everybody in my space,' that is a dead loser.""Most people don't realize that just because you have a license, you may not have the right to manufacture it. They may only want you to sell it.""Patent attorneys are a notoriously odd crowd. Do they sweat when they get on the phone and talk to another human being? You really don't need that type of personality when dealing with the Patent Office.""If I get assigned into a particular art unit in 3600, I'd rather just have my money back."Want more insights on medtech innovation?Subscribe to the channel so you don't miss hot takes and insider tactics from the trenches of medtech startups.🤝 Join the #1 network for medtech innovators on the internet. Become a member to accelerate your journey, collaborate and build valuable ventures. Join for free using this link.Find the perfect vendors for your medtech project for free at MedtechVendors - https://www.medtechvendors.com/📈 My FREE 5-day course for Medtech Innovators to create successful ventures: https://xomedtech.com/free-courseFIND SPENCER JONES ON SOCIAL Spencer's LinkedIn XO Medtech LinkedInFIND JOHN BEHLES ON SOCIAL John's LinkedIn Profile PhiCAP Fund WebsiteEpisode Timestamps: 0:00 - Introduction to John Behles and his journey from Boeing engineer to IP attorney 3:00 - The mythology around intellectual property and why founders get it wrong 7:00 - The gold standard IP timeline: landscape first, then patentability, then filing 12:00 - When to do FTO studies and how budget drives IP strategy decisions 17:00 - PhiCAP Fund's mission to enable physician-led healthcare investing 24:00 - Red flags in IP due diligence that kill startup valuations 28:00 - Licensing agreement negotiation: avoiding the "net royalty" trap 35:00 - International patent strategy: why PCT first beats US provisional 42:00 - Patent examiner psychology and the relationship-first prosecution approach 47:00 - How IP portfolios influence M&A valuations and VC deals 52:00 - Building comprehensive IP strategies that evolve with your company 56:00 - PhiCAP Fund opportunities and IP strategy consultation offerings
    Show More Show Less
    48 mins
  • How to sell your device to hospitals
    Jun 17 2025

    I'm joined by Natalie Freels, CEO at InsightHealth Consulting, as we explore how data-driven market intelligence is revolutionizing medtech commercialization strategies and transforming how innovative companies bring breakthrough technologies to market.

    The Hidden Truth About Market Research in Medtech
    → Traditional market research methods are failing medtech startups because they rely on outdated physician survey data that doesn't reflect real-world adoption patterns
    → Most medtech companies waste 40% of their market research budget on generic industry reports instead of targeted, actionable intelligence specific to their device category

    Cracking the Code on Physician Adoption Behavior
    → Physicians don't adopt new technologies based on clinical evidence alone - peer influence networks and financial incentives drive 70% of adoption decisions
    → The "early adopter" physicians in medtech aren't the ones you think - they're typically mid-career specialists with strong hospital relationships, not academic leaders
    → Geographic clustering analysis reveals that successful medtech launches spread through specific hospital systems and regions in predictable patterns

    The Data Sources Big Medtech Doesn't Want You to Know About
    → Payor claims databases contain hidden goldmines of adoption data that small medtech companies can access for under $10K annually
    → Social media sentiment analysis of physician communities provides earlier signals than traditional market research at a fraction of the cost

    Why Most Medtech Market Strategies Fail Before Launch
    → 80% of medtech companies enter markets without understanding the reimbursement landscape complexity, leading to 2-year delays in meaningful revenue
    → Total addressable market calculations are typically inflated because companies don't account for adoption curve realities and competitive displacement
    → The biggest market entry failures happen when companies target the wrong customer segment first - going after academic medical centers instead of mid sized and community hospitals

    Best Quotes:

    "Traditional market research in medtech is like driving while looking in the rearview mirror - you're making decisions based on where the market was, not where it's going."

    "The medtech companies that will survive the next decade are the ones that treat market intelligence as a core competency, not an outsourced afterthought."

    "Real-time competitive intelligence isn't just about knowing what your competitors are doing - it's about predicting what they're going to do before they know it themselves."

    "Most medtech startups fail not because they build bad products, but because they fundamentally misunderstand how their markets actually work."

    Want more insights on medtech innovation? Subscribe to the channel so you don't miss hot takes and insider tactics from the trenches of medtech startups.

    🤝 Join the #1 network for medtech innovators on the internet. Become a member to accelerate your journey, collaborate and build valuable ventures. Join for free using this link.

    Find the perfect vendors for your medtech project for free at MedtechVendors - https://www.medtechvendors.com/

    📈 My FREE 5-day course for Medtech Innovators to create successful ventures: https://xomedtech.com/free-course

    FIND SPENCER JONES ON SOCIAL
    Spencer's LinkedIn
    XO Medtech LinkedIn

    FIND NATALIE SPENCER ON SOCIAL
    Natalie's LinkedIn Profile
    InsightHealth Consulting Website

    Episode Timestamps:
    00:00 - Introduction to market intelligence in medtech
    03:45 - Why traditional market research fails medtech startups
    08:12 - The real drivers of physician technology adoption
    14:30 - Revenue intelligence strategies that increase win rates
    19:55 - Hidden data sources for competitive advantage
    25:20 - Common market entry mistakes and how to avoid them
    31:10 - Advanced competitive intelligence tactics
    37:45 - Building internal market intelligence capabilities
    43:20 - AI and predictive analytics in medtech market research
    48:15 - Future trends in medtech competitive intelligence
    52:30 - Key takeaways and action items for medtech innovators
    55:45 - Closing thoughts and contact information

    Show More Show Less
    53 mins
  • This medtech startup got acquired by Medtronic (here’s how you can do it)
    Jun 10 2025

    I'm joined by Brian More, CEO at Nanovis, a nanotechnology company that's transforming patient outcomes through breakthrough surface engineering innovations.

    In this episode, we jump into:

    The Nanotechnology Impact in Spinal Implants
    → Nanovis creates surfaces that mimic natural bone structure at the nanoscale, dramatically improving osseointegration rates
    → Their proprietary nanotopography increases surface area by 30-40x compared to traditional smooth implants, accelerating bone growth
    → The technology reduces healing time from months to weeks by creating optimal conditions for osteoblast attachment and proliferation

    From Academia to Commercial Success: The Nanovis Journey
    → How demonstrating clear clinical superiority over existing titanium coating technologies landed them funding
    → How strategic partnerships with major implant manufacturers accelerated market penetration without requiring massive sales infrastructure

    Breaking Through FDA Regulatory Barriers
    → Why positioning their technology as a surface modification rather than a new device class helped secure FDA clearance
    → Demonstrating substantial equivalence while still showing enhanced performance through the 510k pathway
    → Why they showed clinical data and compared to the industry standard (and why it actually mattered)

    Future of Nanotechnology in Medical Devices
    → Surface engineering will become standard across all implantable devices, not just spinal hardware
    → Next-generation developments include drug-eluting nanosurfaces that release therapeutic compounds over time
    → AI-driven surface optimization will create patient-specific nanotopographies based on individual bone density and healing patterns

    Building Strategic Partnerships in Medtech
    → Success required finding partners who understood the long-term value proposition despite higher upfront development costs
    → International expansion focused on markets with faster regulatory pathways to prove clinical efficacy before US scaling
    → Licensing agreements include milestone-based payments tied to clinical outcomes rather than just unit sales

    Best Quotes:

    "We're not just making implants rougher - we're engineering surfaces at the molecular level to speak the same language as human bone cells."

    "The biggest mistake in medtech is thinking that better technology automatically wins. You need better outcomes, and you need to prove them."

    "Nanotechnology isn't the future of medical devices - it's happening right now. The question is whether you're going to be part of it or get left behind."

    "Surgeons don't care about your surface area calculations. They care about whether their patients are walking pain-free six months later."

    Want more insights on medtech innovation? Subscribe to the channel so you don't miss hot takes and insider tactics from the trenches of medtech startups.

    🤝 Join the #1 network for medtech innovators on the internet. Become a member to accelerate your journey, collaborate and build valuable ventures. Join for free using this link - https://xo-medtech.circle.so/join?invitation_token=3be7a91cf85779cc999d33b732b75eb3b2a28aec-df0574a8-8af4-45b4-9013-d40d0596a899

    Find the perfect vendors for your medtech project for free at MedtechVendors - https://www.medtechvendors.com/

    📈 My FREE 5-day course for Medtech Innovators to create successful ventures: https://xomedtech.com/free-course

    FIND SPENCER JONES ON SOCIAL
    Spencer's LinkedIn - https://www.linkedin.com/in/medtech-innovation/
    XO Medtech LinkedIn - https://www.linkedin.com/company/xo-medtech

    FIND BRIAN MOORE ON SOCIAL
    Brian's LinkedIn Profile - https://www.linkedin.com/in/brian-more-75526812/
    Nanovis Website - https://nanovistechnology.com/

    Episode Timestamps:
    0:00 - Introduction to Brian Moore and Nanovis nanotechnology breakthrough
    3:15 - The science behind nanosurface engineering for bone integration
    8:42 - Brian's transition from spine surgeon to medtech CEO
    12:30 - Early funding challenges and investor education on nanotechnology
    16:45 - FDA regulatory pathway strategy for surface modification technology
    21:20 - Manufacturing scalability challenges in nanotechnology production
    26:10 - Clinical trial results and surgeon adoption strategies
    31:55 - Partnership approach vs. direct competition with major implant companies
    37:40 - International expansion and market penetration tactics
    42:25 - Future applications of nanotechnology across medical devices
    47:15 - Drug-eluting surfaces and next-generation product development
    52:30 - AI integration for personalized nanosurface optimization
    56:45 - Key advice for medtech entrepreneurs entering competitive markets

    Show More Show Less
    45 mins

What listeners say about The Medtech Innovation Podcast

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.