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MedCityNews .com

5 tips from founders on how to get into an accelerator

Sure, there are tons of startup accelerators and incubators. But that doesn't mean they're easy to get into. Some have acceptance rates on par with Ivy League schools.

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MedCityNews .com
on November 18, 2013
Category:  Execution  Creation 
Device design tips for diabetes and healthcare startups

The race for the first noninvasive glucose meter to hit the market is well underway and many more healthcare startups are entering the competitive diabetes treatment space. While trying to treat a large patient population, it's still necessary to focus on the details and patient needs. It's time to really drill down the market research and think about what kind of patients will use your medtech and how and how your company's value to patients and providers might change over time. Neurometrix (NURO) founder and CEO Shai Gozani had these two key pieces of advice for diabetes treatment startups:

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MedCityNews .com
on November 13, 2013
Category:  Ideation  Execution 
Medical devices should focus on transparency, austerity and wellness

The CEO of a startup credited his company's success in raising money to two factors. Human data about the dissolving stent and a tight budget. Kamal Ramzipoor of Amaranth Medical said those two accomplishments helped his company raise $20 million in a series B round.

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MedCityNews .com
on November 11, 2013
Category:  Creation  Execution 
Think beyond great idea, understand hospital perspective

Selling new healthcare technologies to hospitals requires jumping over hurdles like "major capital constraints" and "interminable" sales cycle of hospitals, says Paul Levy.

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MedCityNews .com
on November 6, 2013
Category:  Creation 
Wall Street Journal's advice on patents

When a startup gets ready for some M&A action (and if they're in healthcare, getting to this point was probably hard-fought and hard-won), a patent troll could come knocking. While the Federal Trade Commission is finally looking into patent trolls' effect on innovation, patent trolls still lurk, according to a blog in the Wall Street Journal.

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MedCityNews .com
on November 4, 2013
Category:  Creation 
What scares away investors?

I think few things could be more rewarding than investing in a company that develops a cure or effective treatment for any of the hundreds of conditions that affect millions of people with no effective treatment. But finding the right company can be fraught with risk. That's one reason why angel and venture investors have been allocating funds to later stage companies that carry less risk.

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MedCityNews .com
on October 30, 2013
Category:  Growth  Creation 
Medical device companies can learn from Starbucks

As global medical device companies try to take on more of the care continuum, they might be able to turn to that little Starbucks coffee shop just around the corner. It might seem sacrilege to compare the intricacies of neuromodulator with a perfectly brewed, expertly crafted cup of joe, but here I find myself. Why? Because it's not just medtech's products that need to become more innovative, but its business model as well.

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MedCityNews .com
on October 28, 2013
Category:  Growth 
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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MedCityNews .com
on October 23, 2013
Category:  Growth  Ideation  Creation 
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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MedCityNews .com
on October 21, 2013
Category:  Creation  Growth 
Want to make a life sciences startup viable? Follow this series on LinkedIn

If you are a proud new life sciences startup owner, founder, employee or, hey, even that guy tinkering with an idea in his basement, you need to be reading Steve Blank's "Reinventing Life Science Startups" series on LinkedIn.

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MedCityNews .com
on October 16, 2013
Category:  Creation