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Dominique's Desk: Business model strategies

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.

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Posted by: Christina Hernandez Sherwood
on October 24, 2013
Category:  Ideation  Execution 
Have a long-term plan that is clear for investors

Kim Popovits, CEO of Genomic Health Inc., gave the keynote speech at a Life Science Ventures Summit hosted by the Kauffman Foundation. Popovits shared her personal experiences as examples during her speech, and a major focus was on developing a proper business model to gain the right investments (17:50-21:26).

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Posted by: Ryan Amin
on October 24, 2013
Category:  Ideation  Execution 
How fighting terrorism is like doing pharma research

After the terrorist attacks of September 11, 2001, the Central Intelligence Agency enlisted the help of a Palo Alto-based startup, Palantir Technologies, to gather and analyze huge amounts of data to identify and understand terrorist groups and thwart their efforts.

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Posted by: Dan Emerson
on October 23, 2013
Category:  Growth  Execution 
7 trends of venture-backed healthcare startups

Although there's been a trend over the past couple of years of venture investment in biotech going into companies in the later stages of their development, a new report illustrates the result of that trend. Of the 18 venture-backed "big exit" merger and acquisition deals in biotech in 2012 (an eight year high), half were at the commercial stage.

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Posted by: MedCityNews .com
on October 23, 2013
Category:  Growth  Ideation  Creation 
Communication is a key to disruptive innovation

Innovation is often called "disruptive" in the healthcare industry, and the first step toward making that innovation successful is to get a product's targeted users to accept change. Founder of Fitzeal, Clifton Dawson, found a way to get people to use his product by focusing on a strong user support system.

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Posted by: Ryan Amin
on October 22, 2013
Category:  Execution  Growth  Ideation 
New LinkedIn forum for all healthcare fields

If you want to get a sense of the level of interest in healthcare IT, look no further than LinkedIn. In addition to HIMSS, you'll find numerous groups looking at the many different areas healthcare IT encompasses and overlaps with from digital health, telemedicine, remote patient monitoring, and physician entrepreneurs. Now there's one more.

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Posted by: MedCityNews .com
on October 21, 2013
Category:  Creation  Growth 
A better way to design and test business models

Getting healthcare innovation ideas off the ground is not easy in this mostly conservative industry. Having a proper business model can help startups to keep pushing forward and being more efficient with their time and effort. The video series called "From Idea to Business" offers strategies, things to avoid and step-by-step examples for entrepreneurs throughout the series.

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Posted by: Ryan Amin
on October 21, 2013
Category:  Creation  Execution 
Making health data accessible with a goal of improving healthcare quality and cost

As politicians have continued to debate the pros and cons of the Affordable Care Act, aka "Obamacare," some federal health officials have been working to spread the word about another aspect of healthcare reform: the move to give consumers more access to their own healthcare data.

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Posted by: Dan Emerson
on October 21, 2013
Category:  Ideation  Execution 
eMed's 6 to follow in entrepreneurship

See who made this week's 6 to follow in entrepreneurship.

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Posted by: Ryan Amin
on October 18, 2013
Category:  Creation  Execution  Growth  Ideation 
The first step to get funded

A Life Science Ventures Summit hosted by the Kauffman Foundation provided advice on funding strategies for diagnostic startups (0:42:17-0:48:05). Diana Kander of Kander Rigby led a panel with Una Ryan, Tito Serafini, Risa Stack, Zen Chu and Jill Carroll.

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Posted by: Ryan Amin
on October 17, 2013
Category:  Creation