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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.
Kim Popovits, CEO of Genomic Health Inc., gave the keynote speech at a Life Science Ventures Summit hosted by the Kauffman Foundation. Popovits closed her speech by stressing the importance of having a company that is “healthy” (34:56-40:22).
Anthony Stedillie, Founder of CompassMD, ran into many obstacles during his entrepreneurial journey to create an online system that actively matches cancer patients with the right doctors for their individual needs. One of Stedillie’s biggest obstacles came at the start of CompassMD when deciding on a founding team.
Jason Greenberg of the Leonard N. Stern School of Business led a co-founder issues discussion with Stephen Cary, Elliot Cohen, Lesa Mitchell, Elizabeth Lorns and Jonathan Bloom at a Life Science Ventures Summit hosted by the Kauffman Foundation.
Ronald Lindsay, CEO of Zebra Biologics Inc., thinks changes in the biotech industry will lead to a trend of success for biotech companies. His company’s technology can be used as a platform to discover and develop bio-superior antibody therapeutics and complex drug targets. Zebra has just pulled in $9 million in its first investing round, and Lindsay thinks one of the biggest changes for the future of biotech is the availability of venture funding.
While the healthcare reform debate continues, fueled by the recent delay of the Affordable Care Act (ACA) provision requiring companies with more than 50 employees to extend health insurance to their full-time staff, the government can help improve access, value and quality of healthcare by encouraging entrepreneurship and innovation that can lead to lowering costs while improving medical technologies and services, according to Jonathan Ortmans’ policy forum blog.
In healthcare innovation, fixing a problem is not enough for a product to become a standard in the industry.
Entrepreneur and business model innovator Alexander Osterwalder led a business model discussion at a Life Science Ventures Summit hosted by the Kauffman Foundation.
Accelerator programs can provide many perks to entrepreneurs. Two of the biggest rewards from an accelerator are networking and mentorship. However, not all startups choose to take the accelerator path. Elli Kaplan, co-founder and CEO of Neurotrack, feels her experience with Rock Health played a significant role.
At a Life Science Ventures Summit hosted by the Kauffman Foundation, Huffington Post writer Jennifer Hill led a discussion focused on the players in entrepreneurship. The presentation opened with experienced entrepreneurs giving their thoughts on the idea of team building. (00:00-01:19)
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