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Federal Agencies Driving Innovation: FDA's Entrepreneurship Initiatives

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Federal Agencies Driving Innovation: FDA's Entrepreneurship Initiatives

By Karen Mills, Former SBA Administrator
Published: August 22, 2011 Updated: August 22, 2011

<p><span class="Apple-style-span" style="font-family: Arial, sans-serif; ">Working with federal agencies to empower America&rsquo;s leading entrepreneurs is a key part of what we do at SBA.&nbsp; It&rsquo;s great to see agencies like the Food and Drug Administration coming up with innovative ideas that help startups and small businesses create jobs at this crucial time.</span></p><p><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">FDA Commissioner Margaret Hamburg<span style="color:#1F497D"> </span>recently announced</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">two new efforts to strengthen entrepreneurship in the medical technology industry.</span></p><p><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">The first is</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">a new &ldquo;entrepreneur-in-residence&rdquo; program at FDA.&nbsp;</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">FDA</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">plans to</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">recruit</span> <span style="font-family:
&quot;Arial&quot;,&quot;sans-serif&quot;">seasoned</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">entrepreneurs in the medical industry who have</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">successfully navigated FDA&rsquo;s regulatory process.&nbsp; These Entrepreneurs-in-Residence will find ways to help FDA and small businesses</span> <span style="font-family:
&quot;Arial&quot;,&quot;sans-serif&quot;">work together to introduce new products in the marketplace both quickly and safely.&nbsp;</span></p><p><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On the FDA side, these experienced entrepreneurs will train FDA staff on how to engage and network with small businesses.&nbsp; They will help FDA more fully understand the challenges small businesses face, including the importance of timely communications during the review and approval process.&nbsp;</span></p><p><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">On</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">the small business side, they</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">will help</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">the next generation of entrepreneurs</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">make the best possible decisions about how</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">to move through the FDA review process given their unique situation, their</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">resources, and their ability to raise capital. </span></p><p><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">I should also mention one other thing FDA is doing to strengthen the pipeline of entrepreneurship.&nbsp;</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Working with universities, they will establish a Young Entrepreneurs program with fellowships for business, engineering, and science students who are interested in working in the medical industry.</span></p><p><span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">What FDA is doing is a great example of how federal agencies can</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">reach out and</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">directly help</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">small businesses out-compete and out-innovate the rest of the world.&nbsp; I look</span> <span style="font-family:
&quot;Arial&quot;,&quot;sans-serif&quot;">forward to working with them and with other agencies to</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">uncover and implement even more</span> <span style="font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">ideas for empowering America&rsquo;s entrepreneurs to do what they do best: grow their business and create jobs.</span></p>

About the Author:

Karen Mills

Former SBA Administrator

Karen Gordon Mills is the Former Administrator of the U.S. Small Business Administration. The SBA helps both Main Street and high-growth small businesses get access to capital, counseling, federal contracts, disaster assistance and more.

Comments:

I tried to look up this program on the FDA site couldn't find it.

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