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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.
"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.
Dinu Sen, CEO of Amplyx Pharmaceuticals, offers tips on finding need in the sector, hiring, and determining whether working with an accelerator is right for your company.
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.
How often do you get more than 70% of self-professed conservative Republicans and liberal Democrats to agree? Apparently, when the topic is immigration reform and you ask about a proposal that includes “a pathway to citizenship, allowing more high-skilled workers and guest workers into the country, increasing border security and creating employer verification requirements.” Those are the core elements of the Gang of Eight proposal (S.744: Border Security, Economic Opportunity and Immigration Modernization Act) being pushed by a bi-partisan group of U.S. senators.
With the ‘digital revolution’ in full swing and technological innovation advancing daily, the creative industries are expanding. However, the policies that guide the creative economy are too often outdated and based on business models that have been virtually swept away. Nesta, a UK-based foundation focused on innovation, has come up with a set of policy recommendations to guide the UK—and possibly serve as at least a discussion starter for other countries.
Returning to Washington after a state / district work period, Congress picks up the immigration issue with a few hearings. The Joint Economic Committee has a two-part hearing on “Immigration and Its Contribution to Our Economic Strength” with witnesses from Americans for Tax Reform, Georgetown Public Policy Institute, Center for Immigration Studies and the American Enterprise Institute. The topic is also picked up in the Senate Committee on Commerce, Science and Transportation as it examines potential reforms suggested by the ‘Gang of Eight’. Meanwhile, other hearings are scheduled to cover support of minority women entrepreneurs, regulatory burdens and health insurance fees on small businesses, and exports to Africa.
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.
I first visited the Meltwater Entrepreneurial School of Technology in Ghana when it first opened in 2008. It was impressive then and it has continued to impress since—helping incubate promising tech startups throughout the country. Five years later, it is part of a growing entrepreneurial ecosystem in Accra that is laying the foundation for future growth. In our final commentary on Africa, we hear from Alicia Robb, senior fellow at the Kauffman Foundation, who has just returned from Ghana about her thoughts on the progress being made.
Last week, confidence on Wall Street was sent soaring to all-time highs following the April jobs report from the U.S. Department of Labor—employers added 165,000 jobs for the month and unemployment fell to its lowest point since the end of 2008. The confidence of entrepreneurs is on the rise as well according to the latest Startup Confidence Index.
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