Sumeet Charan and Alexis Schteinman are the Vice Presidents Industry for 2021 and 2020 respectively at the Society of Medical Innovation (SOMI). SOMI is a student-led society at the University of New South Wales (UNSW) promoting innovation in the med-tech sector and inspiring students to not wait for graduation before seeking to make a difference.

In this episode, they share how SOMI came about and discuss how SOMI is connecting current students with industry insiders. They also share how this has proven to be mutually beneficial, giving real-world, invaluable experience whilst providing lower-cost solutions for businesses.

 

Key takeaways:

  1. The SOMI Technology Consulting Program gives students a chance to learn from experienced networks whilst offering companies an opportunity to expand the marketing reach, employee and business network with emerging med-tech students.
  2. Not every idea needs to be birthed into a startup. There are established businesses within healthcare that can see problems or opportunities. But given the size, scale or existing processes, they find it hard to innovate or attempt new approaches to med-tech.
  3. SOMI’s Technology Consulting Program enables the industry an opportunity to work with students and empower the students to consult or develop prototypes. This gives real-world experience for students, whilst offering the industry lower-cost approaches to undertake R&D or experiment with solutions to known problems.

 

Resources and links: 

 

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