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More than 6 percent of Inc. 500 firms work in the health and drug space, making it the No. 5 industrial sector for these fast-growing companies from 2005 to 2010. But these medical innovators aren’t all concentrated in the Silicon Valley.
Because life sciences entrepreneurship thrives on harnessing new technologies, spurring innovation, and growing companies, the Kauffman Foundation met in 2003 with the Panel of Advisors on the Life Sciences to help advance those goals.
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.
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."
eMed has published the second in a series of white papers focused on issues key to life science and digital health entrepreneurs. The new white paper, Access, offers a crash course for life science and digital health entrepreneurs on access to potential customers, access to networks, access to capital, and access to care settings.
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.
It's sometimes lonely to be an entrepreneur. But at any given moment, some 10 million Americans are involved in the process of starting a potential new business, according to a Kauffman Foundation report. And the demographics of these aspiring business owners might be different than expected.
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.
While startups born in university labs eventually resemble their more traditional peers, they experience different potential conflicts that can make or break the company's chances of success.
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