Crowdfunding is becoming more commonplace for new medical device innovations. According to an article from the Boston Globe, ” A growing number of entrepreneurs rushing to peddle all manner of experimental medical devices on crowdfunding sites, a strategy more typically used to raise money for creative projects. Hawking “early-bird” discounts, these companies are quietly lining up hundreds of customers — and raking in hundreds of thousands of dollars — even though their products are still months or even years away from being reviewed by regulators at the Food and Drug Administration.”
