There has always been much confusion when using the terms Offshoring and Outsourcing. Are they the same thing or different? How are they different? Which term applies in which instance?
Creative new concepts that launch medical device companies from concept to market have addressed the paradigm shifts in medical device funding; such as short and quick utilization of venture money and the use of a certified manufacturing facility on a rental basis. Conventional venture capital investments in medical device start-ups may no longer be filling […]
Outsourcing device production is based on the premise that individuals and companies that invent medical devices may not have the time, financial resources or expertise to make them. For bigger companies, outsourcing of existing products frees up resources for new product development and production.