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Let me introduce you to Dentcubator. This new dental business incubator company was rolled out at The Greater New York Dental Meeting and has made an instant impact. There are approximately 5000 business incubator companies globally. This is the first known dental business incubator company. Let me explain to you what a business incubator company does. If your invention is accepted after due diligence and a ‘get to know’ you process, a business incubator company can develop your product, apply for a patent, if you haven’t already done so, help the product be manufactured, marketed, and get it to the marketplace. Did you know that 87% of inventions and products that have gone through a business incubator process succeed in the marketplace? That is a very high success rate compared with the fact that many businesses fail within the first year.
Dentcubator is made up of some of the best and brightest minds in all aspects of dentistry including Steve Buchanan, John McSpadden, Ron Jackson, Sally McKenzie, Lorne Lavine, Sonia Leziy, Ken Malament, Joerg Strub, and Mauro Fradeani. What has always been interesting to me is that a dental product that is made and is successful in North America may not be successful for the Eastern European, Middle Eastern or Asian markets. These products need to be tweaked for the global dental market to address the needs of different dentists across the world. Dentcubator has dentists and business people from all around the world who know their markets well and have been successful in turning inventions into tremendous business opportunities in the vastly different dental cultures and markets globally.
Dentcubator is focused on identifying and acquiring proprietary interest in promising dental products, providing fledgling dental products with management guidance, technical assistance and obtaining financing necessary for product development and company growth. Dentcubator’s existence and capabilities is a dream-come-true for dental visionaries and entrepreneurs who previously had no outlet for their creativity and product development and have wanted to impact the global dental market.
People bring me dental inventions all the time. I look at them only from my singlular perspective. If it addresses a need that helps my daily challenges in dental practice, then I think it’s a good idea, but I could be wrong. If the invention doesn’t speak to me at all, but addresses a challenge of many other dentists in the way they practice, I may not even recognize it. That’s why the network in a dental incubator company is so important and worthwhile. A committee of seasoned dental entrepreneurs who have proven market experience can turn a good idea into a successful dental product company.
DENTCUBATOR SUBMISSION FORMAT
The dental industry has long been the source, and the beneficiary, of innovative ideas from its practitioners, and from its product and service providers. In recognition of that fact, and of the scarcity of marketplace mechanisms to stimulate the idea creation process, our Company, DENTCUBATOR, LLC, has been established to meet the growing need for new vehicles to facilitate the fruition of creative and commercially-viable inventions and ideas in the dental industry. We are keenly interested in identifying and acquiring interests in promising dental products and technologies, and in other related intellectual property, including patents; and if you would like to begin a dialogue around the development of your idea, kindly take a moment to provide us with a written, one-or-two-page Executive Summary containing the following information:
1. A description of the idea, including what pressing problem it solves or great opportunity it presents;
2. The likely customers;
3. What makes the idea/innovation special;
4. The “go-to-market” strategy, i.e., distribution targets and mechanisms (e.g., phased distribution to China first, followed by Europe and NorthAmerica);
5. Specifically with whom, or with what, the proposed product competes;
6. What the invention can do that the competition can’t and/or that the competition didn’t even consider;
7. Key assumptions and metrics (e.g., savings, market size, etc.);
8. Recommended designer(s), manufacturer(s), distributor(s), and other key elements;
9. The source and intensity of the inventor’s passion around the idea;
10. Other parties to whom the idea has been disclosed; and
11. As an attachment, three years of financial projections on the idea’s exploitation.
Please download a copy of the non-disclosure agreement, fill it out completely, and sign it and include it with your submission.
Your submissions should be made -- and questions directed -- to the following address:
DENTCUBATOR, LLC
ideas@dentcubator.com
Click here to download the non-disclosure Agreement
Please let me know if I can be helpful to you. You can contact me for more information about Dentcubator by email dryowza@mail.com .
Louis Malcmacher DDS MAGD