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NONA organization

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sevwandie Rajapaksa

on 16 June 2013

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Transcript of NONA organization

Company Organization Structure
& Business Funding Mechanism

Next Generation Innovations for Healthier Life
Nona
1860, Santa Monica, CA
90514

Company Value Prepositions
Values are the essential & enduring principles of NONA.
Continuous improvement of diagnostic devices and deliver high quality products to patients and medical practitioners.
Respect for individuals
Pursuit for excellence with credibility and Integrity.
Company Objectives
To bring leading next generation technological innovations for medical diagnosis.
To strive to the leading company for medical devices, excising quality, innovation, competitive awareness, ethical business and understanding customer needs.
To cultivate a vibrant, rational and multicultural work environment that nurtures individual growth, creativity, team work and empowerment.
Product Design
Safety & Efficacy Assessment
Regulatory Approval
Product Maintenance
O-Ring Life Cycle
Voice of customer
Product specification
Material Selection
Product Manufacture
Design manufacturability
Equipment design
Process Development & validation
Inspection control plans
Prototype Development
Clinical testing plan
Clinical trial design & execution
Data analysis
Regulatory requirements
Standard
Guidelines
Regulatory submission and approval
Post market surveillance
Address Product issues
Innovative improvements
NONA Organization Structure
Sales & Marketing Department
Processes:
Research Market
Market Segmentation and strategies determination
Branding
Conduct sales training
Customer service
Analyzing the market behavior
Employees:
3 employees each in both sales & marketing department.
Requirements:
University degree and marketing related field or Business, with 2 years or more experience in marketing and sales.
Company Funding Mechanism
Stage I: Prototype Development
Government funding via Cradle Fund Sdn Bhd n agency under the Ministry of Finance, Malaysia (MOF) is a not-for-profit organisation.
CIP50 offered to new entrepreneurs funding of up to RM50,000 for prototype development.
Stage II
Product Commercialization
CP500 conditional grants of up to a RM500,000 (maximum of two consecutive approvals per company) to local start-up companies with innovative, technology-based products or services to attain commercialisation.
Eligibility criteria
The company is in operations for less than three years.
The company’s total revenue is not more than RM5 million in its total financial history.
The company owns the Intellectual Property (IP) rights of the product or service which is intended for commercialization.
The company already has a prototype which only requires another 8% to 10% product refinement work to meet market and industry expectations or demands.
Final Stage
Option 1
Option 2
2 Possible Options
Venture Fund
Roche Venture Fund
that invests in companies with innovative new technologies, medicines or diagnostics.
Roche has allocated 500 million to invest in and develop commercially successful innovative life science companies.
Merging with
Production & Security Department
Processes:

Product assembly
Packaging
QC Check for each product
Security of the warehouse
Employees:

10 for each Production and Security Department
Requirements:

Basic education and should pass the interview
Equipment and Purchase Department
Equipment maintanence
Equipment purchase
House keeping
Processes:
Employees & Requirements:
3 employees total
Degree in Bio-medical Engineering or any relevant engineering field.
Technology Quality Department
Technology Quality General Manager
Quality Department
Chief Engineer
Central Laboratory
International Certification office
Research Management
PHD in Medical Device Design or at least experience of 7 years.
1 employee
Phd in Medical Device design with at least 5 years of experience. 1 employee
Total 7 Employees
5 Employees
Degree in Life science with at least 2 years experience
2 Employes
Degree in Life science
R&D Center
5 Employees
Degree in Life science with at least 2 years experience
2 employees
Administration and Human Resources Department
Processes:

Hiring New Employees
Pay check and bonuses evaluation
Leadership building programs for employees
Employees:

2 employees
Requirements:

Degree in Human resource management
Finance Department
Processes:

Annual company report preparation
Company profit management
Fund and Partnership
Employees:
2 employees
Requirements:

Degree in Accounting and Financing with at least 3 years of experience in relevant field
Full transcript