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For the life science textile company PurThread Technologies, landing an exclusive deal to embed Eastman Kodak's antimicrobial agent into textiles was a major victory that deserved celebrating. But PurThread president and CEO Lisa T. Grimes has made sure the company also lauded smaller achievements along the way.
A technology entrepreneur and health researcher, Ian Eslick considered how to tap unusual revenue sources to build and sustain projects that would have value in the healthcare system. He came up with a solution in Vital Reactor, which keeps track of profit shares for people who contributed to a startup.
With his educational background consisting of an entrepreneur degree plus a medical background specializing in orthopedics, Blaine Warkentine, Founder and CEO of Vimty, has continuously been able to find issues in the healthcare industry that can be improved.
Now is the best time in the history of the world to be a healthcare entrepreneur, and those with fresh eyes on healthcare problems -- young health professionals along with patients, engineers, designers and entrepreneurs -- are able to make large and rapid clinical impact.
Hermes IQ is a healthcare IT company that creates software to manage clinical information. Like many other healthcare startups, regulatory strategy has been a major issue for the company.
When patients, doctors, hospital executives, and payers all care about a different metric, finding a measurable return on investment (ROI) can be difficult for healthcare entrepreneurs.
One of the toughest challenges for healthcare entrepreneurs can be the roadblocks they face from their potential customers: healthcare providers. The SwipeSense team learned to expedite the process by finding a number of champions within a healthcare institution.
Though not all business owners can mimic Andrey Ostrovsky's trajectory, his experience taught him some best practices for cultivating good life science and digital health entrepreneurs. The most successful healthcare entrepreneurs he's seen have a killer combination of a broad, core expertise and a deep vertical.
Don’t be shy about talking up your company’s mission, says one entrepreneur. “I spend a lot of my time talking to people about what we’re doing. The more you talk about it, the more people will come to you.”
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