Biotechnology startup Science launched its Science Foundry platform to help other startups develop medical devices.
The firm will offer over 80 tools and services from its internal infrastructure to help startups bring down the cost of developing medical devices. “There’s a bunch of smart people out there that have a bunch of different ideas than the ones that we have, and we would like to enable them,” said CEO and co-founder Max Hodak.
Hodak was formerly the co-founder and president of the brain computing startup Neuralink.
- He left his post in 2021 to establish a competing startup called Science.
- Science is developing a visual prosthesis system called Science Eye to help restore visual input in blind patients.
- Hodak estimates that it costs early-stage startups anywhere between $200,000 to $2M to develop medical devices, which can be an impediment and a "barrier to innovation" in firms.
- He expects neurotechnology, medical technology, and quantum computing startups to leverage their new platform.
