Developing new therapies and clinical approaches in pediatric medicine has many challenges. The research and development process is more complex. In some cases, the conditions are rare and the financial incentives aren’t always strong enough to attract business interest. But these challenges are not insurmountable, especially when stakeholders from both industry and government collaborate to foster solutions.

Later this month, the National Capital Consortium for Pediatric Device Innovation will announce the winners of the organization’s annual pediatric medical device innovation competition, which is funded by the Food and Drug Administration (FDA). Keep your eye on companies like the five highlighted below who are developing innovations that could be life changing for young patients: