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"Med tech is alive and well, despite what we hear out there," Kevin Wasserstein, founder and principal at MentorCatalyst, told the attendees of today’s MedTech Investing Conference.
Medical technology innovators and investors from across the country will gather Wednesday in Minneapolis for the 12th annual MedTech Investing Conference. With panels on alternative funding models, maximizing ROI, and the FDA on the agenda, we asked conference co-chair Dennis Wahr, CEO of Holaira, what insights life science and digital health entrepreneurs can expect to take away from the event.
Angel investors are wealthy individuals who make early-stage investments in and provide advice to startups. In a slump following the recession, angel investment rebounded in 2011 with angels investing $22 billion in entrepreneurs.
Looking for early-stage financing for your life science or digital health startup? Crowdfunding, in which individuals and teams can raise money over the Internet from dozens or thousands of sources in small amounts, has become a popular financing tool.
David Ewing Duncan, director of the Center for Life Science Policy at the University of California, Berkeley, published an "old-fashioned call to arms and action plan for a new age of health care." The Personalized Health Manifesto was developed with the participation of about three dozen life science leaders in science, medicine, business, and more.
Traditional banks often don't know what to do with a business with no revenue and no developed product or service. But since bank financing is important for startups, it's a good idea to find a bank that understands startups' assets and the ebb and flow of startup sales and revenue cycles.
Because significant funding is needed to develop new, innovative life science and digital health products and tools, fewer ideas are making the leap from research institutions to product development teams. This clash between the short-term, earnings-driven needs of the medical marketplace and the risky, lengthy, and capital-intensive process of bringing medical ideas to fruition is a major challenge facing modern medicine.
HealthLoop lets doctors send patients automated follow-up emails with questions ranging from the general to the specific. In an interview, the company's founder shared tips for aspiring "doctorpreneurs."
If you're just starting out, it's important to connect with "super networkers" in your field who can help you make more contacts, said Chandra Duggirala, founder and CEO of Novobionics.
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