47 - Medtronic Innovation Special

Published: May 18, 2020, 7 p.m.

b"Medtronic is one of the world's largest medical technology companies, but it came from humble beginnings over 70 years ago.\\nTheir first life-changing therapy \\u2014 a wearable, battery-powered cardiac pacemaker \\u2014 was the foundation for many more Medtronic therapies that use their electrical stimulation expertise to improve the lives of millions of people.\\nOver the years, Medtronic has developed more core technologies, including the first battery-powered pacemaker, a number of implantable mechanical devices, drug and biologic delivery devices, and powered and advanced energy surgical instruments. Today, their technologies are used to treat nearly 70 medical conditions.\\nThe concept of meaningful innovation is at the heart of everything that happens at Medtronic.\\xa0 In this episode, Peter Birch speaks with a few different guests to get the full picture on Medtronic, innovation and the medtech industry.\\xa0 \\nYou\\u2019ll learn about the history of Medtronic, how it maintains it's position as a pioneer of medtech, and how it fosters a culture of innovation internally.\\xa0 You\\u2019ll hear about their Eureka Live program and how the company engages with the medtech industry to maintain its reputation as a lead innovator. You will also hear from Dr Buzz Palmer, CEO of the MedTech Actuator, as he reflects\\xa0 on the challenges and opportunities facing the medtech industry today.\\nFirst up is Andrew Whiltshire.\\xa0 He is Senior Director, Market Access, Public Affairs & Policy for both Australia and New Zealand at Medtronic.\\xa0 He is also sits on the Board of the Medical Technology Association of Australia.\\xa0 \\nAndrew has been with Medtronic for over 24 years, and he is responsible for Health Economics, Market Access, Policy and Government and Stakeholder Relations at Medtronic, as well as coordinating Government Affairs for the APAC region.\\xa0\\xa0\\nPete spoke with Andrew first, to get to know a bit more about the background of Medtronic and how they bake innovation into everything they do.\\nNext up Pete spoke with Prajni Sadananda.\\xa0 Prajni is the Business Development & Corporate Strategy Manager at Medtronic, where her key focus is on investment opportunities and partnerships that can help accelerate business growth.\\nPrajni is also responsible for Medtronic\\u2019s Eureka Live program - where they are on the hunt for innovative companies that are keen to scale up and collaborate with Medtronic from across Australia and New Zealand.\\nCheck out Prajni\\u2019s interview to learn a bit more about the Eureka Live program.\\nLastly, Pete spoke with Dr Buzz Palmer - one of Australia\\u2019s leading and most visible voices in entrepreneurship and MedTech innovation.\\xa0\\nHe\\u2019s the CEO of the MedTech Actuator, founding partner in Dialectica Group, serial entrepreneur and Professor of Entrepreneurship at Monash University.\\nHe\\u2019s had a lot of entrepreneurial success in medical technologies. He\\u2019 mainly focused on the translation of next-generation tech - which is all around creating and leading innovative solutions into new markets.\\xa0\\nHe has a background in orthopaedic regenerative medicine and microsurgery, So he is well positioned to strategically drive innovative medical technology solutions that provide a significant impact on society.\\xa0\\nListen to Buzz to learn more about the MedTech space more broadly, and understand the opportunities and challenges that face companies playing in that arena today."