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So you want to launch your very own business or product but you don't have the funds to get you started. That can be a major problem. In orde

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

r to make your business venture become a reality, you will need to have financing in place in order to develop, manufacture, launch and marke

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

your business.

Now you must ask yourself the all important question:

How Can I Get Free Money To Start My Own Business?

Well, It's easier

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

than you might think, but first let’s entertain some options.

1. You can use your own personal savings. That's assuming that you've managed

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

o sock away a huge amount of money and you've got nothing better to do with it but some how I doubt that is going to be the case.

2. You can

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

always beg, borrow or steal (just kidding) from friends or family members. This option might work for you if you only require a very small l

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

an, However, most business start ups require a much larger amount of money, the kind of money that friends and family simply don't have avail

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

ble, let alone be willing to lend it to you.

3. A more obvious solution would be to take out a bank loan. Sounds easy enough right? Wrong! Y

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

u’ll need to come up with an extensive business not to mention a multitude of solid reasons why your business is worth investing in and prove

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

that you will be able to pay back the loan in a reasonable amount of time.

4.If you have several credit cards with very large spending limi

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

s you could consider using them to finance your business, however, when you consider the high interest rates associated with credit cards I'm

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

sure you'll agree that this is hardly the way to go. The high interest rates you will have to pay will likely put you into further debt and p

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

t business at risk..

5.Finding Investors is often another consideration but you will find them to be next to impossible to come by when you

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

are first starting out, unless you have a bullet proof business plan that will guarantee high returns quickly, investors simply won't be inte

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

ested in putting their money at risk.

6.From my own personal experience I have found that the best avenue for locating free money for a smal

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

business venture is via state & federal grant programs. The government provides billions of dollars in grant money for business start ups ev

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

ry year, and you don't have to jump through hoops to get it.

So the next time you ask yourself... How Can I Get Free Money To Start My Own B

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

usiness? I suggest that you save yourself the hundreds of hours it will take you to search individual offerings, by simply accessing a Gover

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ment Grant Directory, as they will have an extensive database of all government grants available to you . They typically charge a very small,

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

one time fee but you will find it to be the best money you'll ever spend considering it will save you hundreds of hours of pain- staking work

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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