Capstone – Project

Students will work with a team of experts who are looking to bring a device to market that improves decannulation (removal of a tracheostomy tube). The goal of this device is to improve patient’s quality of life and reduce complications/death rates each year.

A Collaboration Between

Engagement Synopsis

A tracheostomy is a medical procedure that involves creating an opening in the neck in order to place a tube into a person’s windpipe. The tube is inserted through a cut in the neck below the vocal cords. This allows air to enter the lungs. Breathing is then done through the tube, bypassing the mouth, nose, and throat. During decannulation (removal of a tracheostomy tube) serious complications can develop including breathing obstruction. Our team of experts have developed a medical device which:

• Improves patient’s quality of life.
• Alerts caregivers to potential obstructions before they become life threatening.
• Reduces complications and death rates each year

Our team of experts would like to bring the device into the market.

Team Responsibilities:

Students will be responsible for the development of business model(s) and business plan(s). This would include:
• Researching, analyzing and sizing the tracheostomy/decannulation market
• Researching, analyzing and sizing the medical devices market
• Interacting with organizational and individual investors
• Developing a business plan(s) for bringing the product to the market
• Developing a business model for the product after market introduction

Team Qualifications:

Ability to:
• Quickly learn the clinical aspects of tracheostomy and decannulation
• Assist in bringing the product to clinical trail
• Develop marketing materials, promotional plans, training plans, and forecasts
• Contribute to the development of global brand strategies for the products including value propositions
• Partner with the inventors to lead the team from product conception to launch
• Build collaborative relationships with physicians, organizational and individual investors
• Work efficiently in a fast-paced environment and be comfortable with ambiguity and change

Company Information

CompanyCompany TA
HQN/A
RevenueN/A
EmployeesN/A
StageN/A
Hiring PotentialN/A
Website

Company Overview

250,000 tracheostomies performed annually in resource rich countries and 10% estimated to be pediatrics. There are currently no devices on the market that detect obstruction levels and our new product aims to do just that. Our product is non invasive, light-weight, wireless, fits current adapters, collects data, and monitors your breathing rate.

Course Info & Engagement Details

SchoolStevens Institute of Technology, School of Business Industry Capstone Program
Engagement FormatCapstone - Small Team Consulting Project - Students work in small groups of 2-6 directly with faculty and host company project champions on developing real solutions to real-world challenges.
CourseFall 2021 Industry Capstone Program
Level
  • All Graduate
Students Enrolled30 (5-6 students per project)
Meeting Day & TimeTBD
Student Time Commitment8-15 Hours Per Week
Company Time Commitment1 Hour
Duration13.43 Weeks

Project Topics

Product Design & Development

Students

Student

Jeny George

jgeorge5@stevens.edu

Student

Yan Dai

ydai9@stevens.edu

Student

abdulrazzak moulvi

amoulvi@stevens.edu

Student

Kshitiz Anant

kanant@stevens.edu

Collaboration Timeline

Touchpoints & Assignments Due Date Type
Application Deadline for Fall 2021 Projects

Application Deadline for Fall 2021 Projects

August 13th, 2021 Event na
Resume Upload Resume Upload
 
August 13th, 2021 Submission Required submission-required
First Day of Classes

First Day of Classes

Students must register for their specified section of MGT 809 by this date.
August 30th, 2021 Event na
Teams finalized/students notified

Teams finalized/students notified

information coming soon
September 3rd, 2021 Event na
Kickoff Evaluation Due

Kickoff Evaluation Due

September 6th, 2021 Evaluation evaluation
Project Kick Off

Project Kick Off

Prior to this date, all projects will begin.
September 10th, 2021 Event na
UPLOAD MILESTONE #1 DELIVERBALE UPLOAD MILESTONE #1 DELIVERBALE
September 24th, 2021 Submission Required submission-required
Reminder of Confidentiality

Reminder of Confidentiality

During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
October 8th, 2021 Event na
Temp Check #1 Due

Temp Check #1 Due

October 8th, 2021 Evaluation evaluation
Temp Check #2 Due

Temp Check #2 Due

October 29th, 2021 Evaluation evaluation
Town Hall Presentations

Town Hall Presentations

DATE TBD! Mid-semester update on projects with faculty, staff, industry partners and students
November 15th, 2021 Event na
Temp Check #3 Due

Temp Check #3 Due

December 3rd, 2021 Evaluation evaluation
End Date of Fall 2021 Projects

End Date of Fall 2021 Projects

Students will work with their faculty advisors & industry partners to schedule end of semester presentations and wrap up any tasks.
December 10th, 2021 Event na
Drop Box for End of Project Deliverables Drop Box for End of Project Deliverables
 
December 10th, 2021 Submission Required submission-required
Final Peer Evaluation Due

Final Peer Evaluation Due

December 10th, 2021 Evaluation evaluation
Final Self Evaluation Due

Final Self Evaluation Due

December 10th, 2021 Evaluation evaluation

Key Milestones & Project Process

Project Resources

There are no resources currently available

Company Supervising Team

There are currently no supervisors assigned.

School Supervisors

Instructor

Pat Saporito

patsaporito@gmail.com