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The Resource Center has all the info you'll need From content to user feedback, the resource center has the information you need for every level of the entrepreneurial process.
Solving problems in healthcare isn’t easy, especially given the complexity of the space and the diversity of the stakeholders. Creating communities of engaged stakeholders around a common problem can be a powerful approach to prototyping, testing, and deploying solutions. That’s because these communities bring together people from multiple disciplines and perspectives.
It's the classic conundrum for healthcare entrepreneurs: You want your business to move fast and grow quickly, but it can take months for large health systems to make a decision about your product or service.
Entrepreneurs need to be creative and innovative not only with their product or service, but also with how they think about their business model. In life science and digital health, understanding one's value proposition is key. But it’s not always obvious - especially considering to whom the value proposition is most compelling. For this exercise, I find Alex Osterwalder’s Value Proposition Canvas particularly helpful.
Intellectual property is one of the toughest subjects for life science and digital health entrepreneurs to understand. From dealing with the tech transfer office to hiring an attorney to filing a provisional patent, IP is a common stumbling block for early-stage entrepreneurs.
Like many healthcare entrepreneurs with social missions at the center of their startups, Kinsa's founder and CEO Inder Singh was faced with the challenge of finding investors without pivoting from his company's central goal.
The Small Business Innovation Research (SBIR) program encourages U.S.-based small businesses, including healthcare startups, to engage in research and development.
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.
Small Business Innovation Research program (SBIR) grants can be a key source of funding for early-stage healthcare entrepreneurs ahead of seeking out venture capital and other types of investors, who would take shares of the company away from the founder.
Early-stage healthcare entrepreneurs and startups typically need to work with at least two types of lawyers.
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