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Creation

Why one healthcare startup embraces FDA regulations

Decisio Health, which provides software to help clinicians better adhere to clinical protocols, is one of the few software-specific companies entering the FDA-regulated space of clinical decision support.

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Christina Hernandez Sherwood
on September 16, 2014
Category:  Creation  Execution 
Insights from Physician Entrepreneurs

In this new compilation, physician entrepreneurs share insights on everything from knowing when it's time to become a full-time entrepreneur to understanding groups outside your target market.

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Christina Hernandez Sherwood
on September 15, 2014
Category:  Creation  Execution  Growth  Ideation 
What are some potential problems for co-founders?

Once you've teamed up with your co-founder(s), it's important to be aware of potential problems that can arise later in the relationship.

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Christina Hernandez Sherwood
on September 15, 2014
Category:  Creation 
Definition: Care coordination

Care coordination ensures that every transfer of care, from doctor to doctor, clinic to hospital, hospital to home, pharmacy to imaging center is managed so that essential clinical information is available and exchanged in a format appropriate for the recipient(s).

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Brian Lang
on September 10, 2014
Category:  Creation 
How to run your company without a CEO

CareSet, a startup that provides analytics around open data, doesn't have a CEO.

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Christina Hernandez Sherwood
on September 09, 2014
Category:  Creation 
Definition: Company culture

Team members should fit into your startup's culture, but how do you build a healthy culture for your team?

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Christina Hernandez Sherwood
on September 03, 2014
Category:  Creation 
How to spread the word about your startup and gain customer insights

Medicast has used a combination of radio and television advertising, social media campaigns, and in-person marketing to get the word out about the company.

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Christina Hernandez Sherwood
on September 02, 2014
Category:  Creation 
How can early-stage entrepreneurs access networks?

Now, more than any time in history, there is more access to networks for entrepreneurs than ever.

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Christina Hernandez Sherwood
on September 01, 2014
Category:  Creation 
Definition: Valuation

The goal of a valuation is to determine the economic value of a business.

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Christina Hernandez Sherwood
on August 27, 2014
Category:  Creation 
How eliminating friction can help your startup scale

Maxwell Health, an operating system for employee benefits, serves a huge market. Because of this, the company needs to have scale.

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Christina Hernandez Sherwood
on August 26, 2014
Category:  Creation 
Who are the customers in healthcare?

In healthcare, "customers" are typically not the patients who will use the drugs, devices, and services early-stage companies are developing.

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Christina Hernandez Sherwood
on August 25, 2014
Category:  Creation 
Definition: Mentors

Mentors should be people who can guide the entrepreneur as he and his business grow and can give advice on skill sets the entrepreneur lacks.

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Christina Hernandez Sherwood
on August 20, 2014
Category:  Creation 
Why early-stage entrepreneurs should secure IP fast and inexpensively

When Aline M. Betancourt decided to start a biotechnology company that would develop adult stem cell-based therapies for diseases associated with inflammation, she knew the value of her company would be tied up in her intellectual property.

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Christina Hernandez Sherwood
on August 19, 2014
Category:  Creation  Ideation 
What are some of the leading life science incubators?

There are approximately 1,250 business incubators in the United States, including about 120 with some life science focus.

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Christina Hernandez Sherwood
on August 18, 2014
Category:  Creation 
Definition: Co-founder dating

Some entrepreneurs advocate for "dating" potential co-founders.

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Christina Hernandez Sherwood
on August 13, 2014
Category:  Creation 
Why startups can benefit from a family-like dynamic

Anthony Sterns, the CEO of iRxReminder, is inspired by lessons he learned from working with family.

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Christina Hernandez Sherwood
on August 12, 2014
Category:  Creation  Ideation 
How do you know when it's time to make a change to your advisers?

The players in an entrepreneur's orbit aren't likely to remain static over the long term.

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Christina Hernandez Sherwood
on August 11, 2014
Category:  Creation 
Definition: Founding team

The founding team refers to the people who launch the company with you.

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Christina Hernandez Sherwood
on August 06, 2014
Category:  Creation 
Why strong leaders should recognize their shortcomings

Jeffrey Woolford's time as a military officer taught him that there are two types of leaders: those who try to do it all themselves and those who recognize their shortcomings and bring in team members to make up for them.

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Christina Hernandez Sherwood
on August 05, 2014
Category:  Creation 
Why should early-stage entrepreneurs get support from their families?

Without support from your spouse and family, your entrepreneurial journey could prove more difficult over the long term.

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Christina Hernandez Sherwood
on August 04, 2014
Category:  Creation 
Definition: Valley of Death

Considered the most difficult funding stage for startups, the Valley of Death occurs after entrepreneurs have exhausted friends, family, and personal credit and before they're ready for external funding.

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Christina Hernandez Sherwood
on July 30, 2014
Category:  Creation 
How one entrepreneur got Mark Cuban to invest in his startup

It didn't take a visit to the Shark Tank for Ryan Beckland, co-founder and CEO of the digital health company Validic, to get the attention of billionaire investor Mark Cuban.

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Christina Hernandez Sherwood
on July 29, 2014
Category:  Creation  Ideation 
Insights from Medical Device Entrepreneurs

In this new compilation, medical device entrepreneurs share insights on how they met challenges and opportunities on everything from team building to clinical and regulatory success.

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Christina Hernandez Sherwood
on July 24, 2014
Category:  Creation  Execution  Growth  Ideation 
Definition: Royalties

Royalties refer to a percentage of a startup's revenues that are paid to investors.

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Christina Hernandez Sherwood
on July 23, 2014
Category:  Creation 
How the right partnership can serve as an early-stage accelerator

In the rush to create a product, build a team, and secure funding, startups often fail to focus on partnerships, an underutilized and undervalued commodity for new entrepreneurs.

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Christina Hernandez Sherwood
on July 22, 2014
Category:  Creation  Ideation 
What is Series A financing?

Series A financing, also known as an "A round," is typically a company's first significant round of financing.

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Christina Hernandez Sherwood
on July 21, 2014
Category:  Creation 
Why market research – before you build your product – is essential

Sherwin Sheik was passionate about launching his healthcare startup, CareLinx, a caregiver marketplace that helps families find pre-screened home caregivers that fit their needs.

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Christina Hernandez Sherwood
on July 15, 2014
Category:  Creation  Ideation 
What is the STTR program?

The Small Business Technology Transfer (STTR) program supports scientific and technological innovation through federal research funds.

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Christina Hernandez Sherwood
on July 14, 2014
Category:  Creation 
Definition: Agile development

Agile development refers to a type of project planning methodology that borrows from lean manufacturing.

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Matthew T. Keener, MD
on July 09, 2014
Category:  Creation 
How to find employees for your startup without using a recruiter

Don't expect to see a job listing for a position at Pristine, a telehealth and checklist solution for Google Glass.

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Christina Hernandez Sherwood
on July 08, 2014
Category:  Creation 
What is an accredited angel investor?

An accredited angel investor is an angel investor with an income of more than $200,000 in the past two years or a net worth of $1 million.

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Matthew T. Keener, MD
on July 07, 2014
Category:  Creation 
How an entrepreneur validated his business model in a crowded market

With so many products marketed to people who want to quit smoking, the market might not seem ripe for another smoking cessation service.

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Christina Hernandez Sherwood
on July 01, 2014
Category:  Creation  Ideation 
Why client needs should dictate your business plan

Many entrepreneurs develop their business plan before landing clients. Yet that wasn't the case for Insight Health Systems, which sells the web application Chorus.

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Christina Hernandez Sherwood
on June 24, 2014
Category:  Creation  Ideation 
What is the function of an advisory board?

For early-stage entrepreneurs, it's important to have advisers in your circle who can bring expertise to your startup and assist with key questions.

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Christina Hernandez Sherwood
on June 23, 2014
Category:  Creation 
If entrepreneurship is a lock and key, start with the lock

There are two ways to start a company. Entrepreneurs must begin with either the lock or the key.

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Christina Hernandez Sherwood
on June 17, 2014
Category:  Creation  Ideation 
Why healthcare entrepreneurs should embrace the iterative

In the early days of the patient safety and healthcare improvement company Qualaris, the startup's team installed wireless tracking sensors in hospitals to help healthcare providers improve compliance with best practices. But Qualaris wasn't a hardware company for long.

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Christina Hernandez Sherwood
on June 10, 2014
Category:  Creation  Ideation 
How a diverse team leads to better access

Access -- to providers, patients, payers, or anyone who can make a healthcare startup successful -- is a sticking point for many early-stage entrepreneurs.

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Christina Hernandez Sherwood
on June 03, 2014
Category:  Creation  Execution 
What is technology transfer?

Technology transfer refers to transferring the rights to a technology from the institution where it originated, such as a university, to a person or entity, such as an entrepreneur or startup, that could commercialize it.

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Christina Hernandez Sherwood
on June 02, 2014
Category:  Creation 
How to turn beta clients into ‘evangelist investors’

When Daniel Cane was pitching his specialty-specific electronic medical records company, Modernizing Medicine, to investors, he had no trouble getting in front of venture capitalists. But separating them from their money was another story.

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Christina Hernandez Sherwood
on May 27, 2014
Category:  Creation  Execution 
What is a science/medical advisory board?

A scientific or medical advisory board can offer help on the scientific or medical side of your life science or digital health company.

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Christina Hernandez Sherwood
on May 26, 2014
Category:  Creation 
How one healthcare entrepreneur created his own access

Like many healthcare entrepreneurs, Amos Adler of MEMOTEXT found it difficult to access the stakeholders who could help to make his patient adherence company a success.

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Christina Hernandez Sherwood
on May 20, 2014
Category:  Creation  Ideation 
What is a business advisory board?

A business advisory board helps advise an entrepreneur on business issues, such as funding, growth, and more.

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Christina Hernandez Sherwood
on May 19, 2014
Category:  Creation 
What happens when you can’t afford the best team for your startup?

Building the right team is one of the toughest challenges for a healthcare entrepreneur. But what happens when you have the ideal team and you can't afford them?

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Christina Hernandez Sherwood
on May 13, 2014
Category:  Creation 
What is an initial public offering?

Selling stock to the public not only offers liquidity to company founders, but it's also "a signal to the world that the business has made it."

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Christina Hernandez Sherwood
on May 12, 2014
Category:  Creation 
How can the Kauffman Foundation help serve healthcare entrepreneurs?

eMed's mission -- helping entrepreneurs navigate the healthcare space -- is particularly complex.

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Christina Hernandez Sherwood
on May 07, 2014
Category:  Creation  Ideation  Growth  Execution 
Insights on early-stage fundraising: a new eBook from eMed

In a new eBook from eMed, you'll learn how five early-stage healthcare entrepreneurs secured the funding they needed to get their startups off the ground.

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Christina Hernandez Sherwood
on May 07, 2014
Category:  Creation 
Definition: Licensing

An alternative to debt, equity or grants is revenue through licensing.

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Christina Hernandez Sherwood
on May 07, 2014
Category:  Creation 
How one healthcare startup tackled the problem that stumped Google

With large companies already trying to tackle the problem of compiling medical records, it seemed like an impossible mission for a startup.

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Christina Hernandez Sherwood
on May 06, 2014
Category:  Creation  Execution  Ideation 
What are some funding sources in my state or region?

Healthcare entrepreneurs can find a wide range of unique state and regional incentives, from tax credits to cash grants.

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Christina Hernandez Sherwood
on May 05, 2014
Category:  Creation 
Definition: Strategics

Unlike traditional venture capital investors, strategic investors invest on behalf of their parent company.

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Christina Hernandez Sherwood
on April 30, 2014
Category:  Creation 
How to make your personal network work for you

Be smart about focusing on existing relationships, rather than cultivating new ones.

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Christina Hernandez Sherwood
on April 29, 2014
Category:  Creation  Execution  Growth 
How can I approach friends and family to invest in my healthcare startup?

Friends and family are the only investors you're likely to encounter who will be predisposed to saying yes, but you still owe them a clear and detailed presentation of the opportunity and risks.

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Christina Hernandez Sherwood
on April 28, 2014
Category:  Creation 
Definition: Evergreen funds

Evergreen funds are a more patient alternative to venture capital funds.

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Christina Hernandez Sherwood
on April 23, 2014
Category:  Creation 
Why healthcare startups should consider international funding

It's no secret that fundraising is one of the toughest jobs of an early-stage healthcare entrepreneur.

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Christina Hernandez Sherwood
on April 22, 2014
Category:  Creation  Execution 
What should I look for in a co-founder?

Trust -- both interpersonally and in a business context -- is the most important quality to look for in a co-founder.

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Christina Hernandez Sherwood
on April 21, 2014
Category:  Creation 
Definition: Co-founder agreement

Once you've settled on a co-founder or co-founders, it's necessary to set up a written agreement.

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Christina Hernandez Sherwood
on April 16, 2014
Category:  Creation 
Why startups need a narrow focus to successfully scale

Though it might seem counterintuitive, a healthcare startup needs a narrow focus before it can scale.

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Christina Hernandez Sherwood
on April 15, 2014
Category:  Creation  Execution  Growth 
What are some best practices for hiring team members?

Because new startups can't afford to make bad hires, bringing on new team members can be stressful.

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Christina Hernandez Sherwood
on April 14, 2014
Category:  Creation 
Definition: Co-founder

Co-founders are the people healthcare entrepreneurs work with day-to-day on developing their product or service and making it successful.

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Christina Hernandez Sherwood
on April 09, 2014
Category:  Creation 
In healthcare entrepreneurship, when the payer isn’t the customer

In healthcare, the people who pay for a product or service aren't necessarily the people who will benefit from it.

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Christina Hernandez Sherwood
on April 08, 2014
Category:  Creation  Execution 
What is a provisional patent?

A provisional patent is a lower-cost alternative to the traditional patent and lasts 12 months.

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Christina Hernandez Sherwood
on April 07, 2014
Category:  Creation 
How a digital healthcare entrepreneur got her foot in the door at Penn

Divya Dhar's No. 1 piece of advice for healthcare entrepreneurs: get a pilot.

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Christina Hernandez Sherwood
on April 01, 2014
Category:  Creation  Execution 
How self-selection can create a successful founding team

A healthcare entrepreneur initially planned to be intentional in building her team. But self-selection took over.

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Christina Hernandez Sherwood
on March 25, 2014
Category:  Creation  Ideation 
Definition: Seed capital

Seed capital is the initial funding used by a healthcare entrepreneur to launch their startup.

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Christina Hernandez Sherwood
on March 19, 2014
Category:  Creation 
The key to raising funds from friends and family alone

Blain Tomlinson, the CEO of Walkjoy, has vowed to largely eschew venture capital funding for his company.

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Christina Hernandez Sherwood
on March 18, 2014
Category:  Creation  Ideation 
What is crowdfunding?

Crowdfunding lets entrepreneurs present their ideas to a large number of potential investors who can help startups reach their funding goals.

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Christina Hernandez Sherwood
on March 17, 2014
Category:  Creation 
Definition: Bootstrapping

Bootstrapping refers to sustaining a business through personal investment and without external help.

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Christina Hernandez Sherwood
on March 12, 2014
Category:  Creation 
Why healthcare entrepreneurs shouldn’t get caught up in features

Hermes IQ is a healthcare IT company that creates software to manage clinical information. Like many other healthcare startups, regulatory strategy has been a major issue for the company.

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Christina Hernandez Sherwood
on March 11, 2014
Category:  Creation  Execution 
What are the different tech accelerators vs. health tech accelerators?

Accelerators are organizations that support entrepreneurs and their startups.

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Zen Chu
on March 10, 2014
Category:  Ideation  Creation 
Healthcare tech entrepreneurs can take the Shark Tank plunge in Boston

Early-stage health technology entrepreneurs and startups can plunge into the "shark tank" at Brigham and Women's Hospital next month for the chance to find a clinical partner.

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Christina Hernandez Sherwood
on March 06, 2014
Category:  Ideation  Creation 
Why healthcare entrepreneurs should focus on meaningful metrics

When patients, doctors, hospital executives, and payers all care about a different metric, finding a measurable return on investment (ROI) can be difficult for healthcare entrepreneurs.

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Christina Hernandez Sherwood
on March 04, 2014
Category:  Creation  Execution 
Definition: Angel investor

Angel investors are wealthy individuals who are often former entrepreneurs.

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Christina Hernandez Sherwood
on February 26, 2014
Category:  Creation 
How one healthcare entrepreneur navigated the reimbursement landscape

The goals of TalkSession -- to increase the accessibility of mental healthcare, improve patient outcomes, and lower costs while maintaining HIPAA compliance -- were difficult to achieve on a national level, said the startup's co-founder and CEO Melissa Thompson.

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Christina Hernandez Sherwood
on February 25, 2014
Category:  Creation 
How healthcare entrepreneurs can partner up for better access

It's the classic catch-22 for a healthcare entrepreneur: Her company is small until she lands a big client, but she has trouble accessing a big client as a small company.

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Christina Hernandez Sherwood
on February 18, 2014
Category:  Creation 
What is non-dilutive capital?

Non-dilutive capital is money an entrepreneur receives that does not affect the ownership of the company.

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Christina Hernandez Sherwood
on February 17, 2014
Category:  Creation 
Definition: Private equity

Private equity is investment capital in a startup that is not quoted on a public stock exchange.

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Christina Hernandez Sherwood
on February 12, 2014
Category:  Creation 
Surprising advice on applying for government funding

Somnarus, a healthcare IT company that created a medical device for sleep apnea diagnostics, took a detour on the road to funding the business, said founder and CEO Maria A. Merchant.

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Christina Hernandez Sherwood
on February 11, 2014
Category:  Creation 
What is dilutive capital?

Dilutive capital is an investment that adds shares to your company, decreasing the amount other owners hold in the business.

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Christina Hernandez Sherwood
on February 10, 2014
Category:  Creation 
Definition: Venture capital

Venture capital is an important type of financing for early-stage healthcare entrepreneurs and high-growth startups.

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Christina Hernandez Sherwood
on February 05, 2014
Category:  Creation 
Why healthcare entrepreneurs need multiple champions

One of the toughest challenges for healthcare entrepreneurs can be the roadblocks they face from their potential customers: healthcare providers. The SwipeSense team learned to expedite the process by finding a number of champions within a healthcare institution.

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Christina Hernandez Sherwood
on February 04, 2014
Category:  Execution  Creation 
What do healthcare accelerators and incubators do?

Healthcare accelerators and incubators are organizations that support healthcare entrepreneurs and their startups.

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Christina Hernandez Sherwood
on February 03, 2014
Category:  Creation 
Definition: Intellectual Property

Intellectual property (IP) refers to creations of the mind. For a healthcare startup, IP likely refers to a particular product, such as a new drug or a wearable sensor.

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Christina Hernandez Sherwood
on January 29, 2014
Category:  Creation 
What kinds of lawyers do healthcare entrepreneurs need?

Early-stage healthcare entrepreneurs and startups typically need to work with at least two types of lawyers.

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Christina Hernandez Sherwood
on January 27, 2014
Category:  Creation 
Definition: SBIR

The Small Business Innovation Research (SBIR) program encourages U.S.-based small businesses, including healthcare startups, to engage in research and development.

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Christina Hernandez Sherwood
on January 22, 2014
Category:  Creation 
Why you should celebrate the small victories

For the life science textile company PurThread Technologies, landing an exclusive deal to embed Eastman Kodak's antimicrobial agent into textiles was a major victory that deserved celebrating. But PurThread president and CEO Lisa T. Grimes has made sure the company also lauded smaller achievements along the way.

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Christina Hernandez Sherwood
on January 21, 2014
Category:  Growth  Execution  Creation 
Who can apply for an SBIR grant?

Small Business Innovation Research program (SBIR) grants can be a key source of funding for early-stage healthcare entrepreneurs ahead of seeking out venture capital and other types of investors, who would take shares of the company away from the founder.

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Christina Hernandez Sherwood
on January 20, 2014
Category:  Creation 
How to find investors without pivoting from your mission

Like many healthcare entrepreneurs with social missions at the center of their startups, Kinsa's founder and CEO Inder Singh was faced with the challenge of finding investors without pivoting from his company's central goal.

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Christina Hernandez Sherwood
on January 14, 2014
Category:  Creation  Ideation  Execution 
Medtech predictions for 2014

2014 will be a better year for venture capital than 2013, but that won't necessarily mean it will be easier for entrepreneurs to raise money. And the life science IPO boom likely won’t be sustained.

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MedCityNews .com
on December 30, 2013
Category:  Creation  Ideation 
eMed's 6 to follow in entrepreneurship

See who made this week's list

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Ryan Amin
on December 27, 2013
Category:  Creation  Growth  Execution  Ideation 
Key tips for team building

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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Ryan Amin
on December 26, 2013
Category:  Creation 
Funding future for biotech is bright if you are prepared

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.

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Ryan Amin
on December 24, 2013
Category:  Creation  Ideation 
Advice from a former biotech exec and current VC

Frazier Healthcare’s newest venture partner is approaching her new gig with the smarts of a scientist, the gusto of an entrepreneur and the wisdom of a CEO who has both exited and shut down a company.

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MedCityNews .com
on December 23, 2013
Category:  Execution  Creation 
eMed's 6 to follow in entrepreneurship

See who made this week's 6 to follow

[More]
Ryan Amin
on December 20, 2013
Category:  Creation  Growth  Execution  Ideation 
What groups are most likely to use mHealth innovations?

People living with cystic fibrosis, growth hormone deficiencies and acne were among the most likely to report using their smartphones to find health information in a new survey from Manhattan Research.

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MedCityNews .com
on December 18, 2013
Category:  Ideation  Creation 
Protecting your company's idea

At the core of any startup company is the idea. The idea is the true value of a company, according to LIM Innovations CEO and co-founder Andrew Pedtke, and he says protecting that idea should be a main priority.

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Ryan Amin
on December 17, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

See who made this week's list.

[More]
Ryan Amin
on December 13, 2013
Category:  Creation  Ideation  Execution  Growth 
Understanding the FDA perspective

Paul Yock of Stanford's Biodesign and Jay Watkins of De Novo Ventures led a discussion with Marie Johnson, Darin Buxbaum, Brian Fahey and Peggy McLaughlin on the topic of clinical and regulatory strategy at a recent Life Science Ventures Summit hosted by the Kauffman Foundation (0:25:21-0:33:52).

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Ryan Amin
on December 12, 2013
Category:  Execution  Creation 
4 things startups should judge VC firms on

Last month we looked at what turns investors off of biotech startups. But what about venture capital firms? When it comes to healthcare investing, what signs should alert startups, or for that matter the members of a VC firm, that the firm is stuck in a time warp?

[More]
MedCityNews .com
on December 11, 2013
Category:  Creation 
Development partners offer value through experience

Partnerships in innovation development phases can offer a wide range of benefits in the healthcare industry where experience can simplify complex processes.

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Ryan Amin
on December 10, 2013
Category:  Creation 
4 critical tech transfer solutions

Steve Blank has faced the challenge of healthcare startups and found a solution. First he taught the Lean LaunchPad class to the National Science Foundation Innovation Corps for two and a half years. As he has immersed himself in healthcare and its challenges, he has pinpointed the problem with most tech transfer offices.

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MedCityNews .com
on December 9, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

See who made this week's list

[More]
Ryan Amin
on December 6, 2013
Category:  Creation  Growth  Ideation  Execution 
Build a healthy company

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).

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Ryan Amin
on December 5, 2013
Category:  Creation  Ideation 
Complexities for startups within different healthcare spaces

"Domain specificity is important." It is so refreshing to hear a tech entrepreneur like Steve Blank say this. Blank has been working with researchers and clinicians for almost three years to bring the lean startup philosophy to healthcare. This is one of his conclusions about the industry.

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MedCityNews .com
on December 4, 2013
Category:  Creation  Execution  Growth  Ideation 
How to market towards patients

With the drive to value from volume, medical device companies need to start focusing on how to effectively market to patients, their newest customers. Human Design Medical, the company that just launched the smallest, lightest CPAP machine on the market, has done extremely smart marketing for its smart product.

[More]
MedCityNews .com
on December 2, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

See who made this week's list

[More]
Ryan Amin
on November 29, 2013
Category:  Creation  Execution  Ideation  Growth 
What you should know before your first fundraising pitch

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 and asked the panel about approaching investors (0:38:28 - 0:44:00). The panel included Nick Franano, Avi Roop and Geoff Clapp.

[More]
Ryan Amin
on November 27, 2013
Category:  Creation 
Why you should understand groups outside of your target market

It is common for startups to focus on a specific group for the target market for their product, but developing an innovation that benefits the direct user as well as the indirect users can go a long way during an entrepreneur's journey.

[More]
Ryan Amin
on November 26, 2013
Category:  Creation  Execution  Ideation 
CEO stresses importance of lean budget and strong management for funding

Venture capital is highly competitive in the medical devices industry. Some VCs are even moving out of the device and healthcare space. But, in many cases, venture capital really still is the best kind of equity investment to be had in the medical device industry. If you have a high-risk, PMA-route device, a true innovation, it can be hard to round up the money to fund the device from its beginnings through FDA approval.

[More]
MedCityNews .com
on November 25, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on November 22, 2012
Category:  Creation  Growth  Execution  Ideation 
What to look for in digital health investors to get the right match

Halle Tecco, co-founder and CEO of Rock Health, led a digital health funding panel at a recent Life Science Ventures Summit hosted by the Kauffman Foundation. The panel included Dana Mead, Milena Adamian, Esther Dyson and Sean Ahrens.

[More]
Ryan Amin
on November 21, 2013
Category:  Creation 
Why a CEO should be critical of investors

With so much pressure on entrepreneurs to put together the right management team, create the perfect pitch and get all of the company's ducks in a row before going to look for an investment, it's easy to overlook the fact that a CEO should be just as critical of investors when deciding whether an investment opportunity is a good one.

[More]
MedCityNews .com
on November 20, 2013
Category:  Creation 
Unlimited opportunities spring from Big Data in biotechnology

A frequent buzzword in business these days is "Big Data." But how do investors and developers in the biotechnology industry make the best use of it?

[More]
Rita Baron-Faust
on November 19, 2013
Category:  Growth  Creation  Execution 
Focus on product simplicity is perfect springboard for marketing

Building on a simple idea can be the most important thing for a company in the long run. A focus on a simplified solution and a diverse marketing plan were two key things that set Smart Monitor on a successful path.

[More]
Ryan Amin
on November 19, 2013
Category:  Creation  Ideation  Execution  Growth 
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.

[More]
MedCityNews .com
on November 18, 2013
Category:  Execution  Creation 
Venture Capital: Dead or Alive in the 21st Century?

Is venture capital still viable as a model for funding new bioscience research, products and businesses?

[More]
Rita Baron-Faust
on November 15, 2013
Category:  Creation  Growth  Execution 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on November 15, 2013
Category:  Creation  Growth  Execution  Ideation 
What are the red flags when looking for a co-founder?

Jason Greenberg of the Leonard N. Stern School of Business led a co-founder issues discussion with Stephen Cary, Elliot Cohen, Lesa Mitchell, Elizabeth Iorns and Jonathan Bloom at a Life Science Ventures Summit hosted by the Kauffman Foundation(0:12:15-0:21:05).

[More]
Ryan Amin
on November 14, 2013
Category:  Creation 
Why your innovation should complement rather than disrupt

Dr. Joshua Landy understands the importance of sharing medical experiences with other physicians. He wanted to take it a step further and make those experiences valuable to a greater range of healthcare professionals. Landy decided to launch Figure 1, hoping that it would change the way physicians worked day-to-day, and also make their daily work more accessible to their peers.

[More]
Ryan Amin
on November 12, 2013
Category:  Creation  Ideation 
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.

[More]
MedCityNews .com
on November 11, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

See who made eMed's 6 to follow this week

[More]
Ryan Amin
on November 8, 2013
Category:  Creation  Execution  Growth  Ideation 
What is holding your therapeutics pitch back?

Douglas Crawford of QB3 moderated a therapeutics funding panel at a recent Life Science Ventures Summit hosted by the Kauffman Foundation. Crawford focused a majority of the discussion on pitch strategies with Allan May, Karl Handelsman and Jesus Soriano

[More]
Ryan Amin
on November 7, 2013
Category:  Creation  Execution 
Finding better ways to negotiate biotech intellectual property

Healthcare entrepreneurs who have hit the intellectual property speed bump can relate to the appropriately named session, "Reducing Drag: New Approaches to IP Negotiation and Technology Licensing," at the Partnering for Cures conference earlier this week in New York City.

[More]
Rita Baron-Faust
on November 6, 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.

[More]
MedCityNews .com
on November 6, 2013
Category:  Creation 
Why talking to patients is important in developing your app

The founding team behind CyberDoctor wanted to make sure the product addressed a common need before launching it, and talking to patients was crucial to that.

[More]
Ryan Amin
on November 5, 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.

[More]
MedCityNews .com
on November 4, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on November 1, 2013
Category:  Execution  Creation  Ideation  Growth 
The right questions to ask about your company’s intellectual property

Intellectual property is one of the toughest subjects for life science and digital health entrepreneurs to understand. From dealing with the tech transfer office to hiring an attorney to filing a provisional patent, IP is a common stumbling block for early-stage entrepreneurs.

[More]
Christina Hernandez Sherwood
on October 31, 2013
Category:  Creation 
What comes after the idea?

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 (0:11:57 - 0:14:52). The panel included Nick Franano, Avi Roop, Geoff Clapp and Sofie Qiao.

[More]
Ryan Amin
on October 31, 2013
Category:  Ideation  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.

[More]
MedCityNews .com
on October 30, 2013
Category:  Growth  Creation 
How to get your medical device accepted for use in hospitals

In healthcare innovation, fixing a problem is not enough for a product to become a standard in the industry.

[More]
Ryan Amin
on October 29, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on October 25, 2013
Category:  Creation  Growth  Execution  Ideation 
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.

[More]
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.

[More]
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.

[More]
Ryan Amin
on October 21, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

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

[More]
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.

[More]
Ryan Amin
on October 17, 2013
Category:  Creation 
Mayo Clinic collaboration with OptumHealth to spin off new technologies

For those hoping to use data analytics as a tool to help improve the U.S. healthcare system, patient records represent a potential gold mine of information to identify the most effective and cost-efficient practices to diagnose and treat specific conditions.

[More]
Dan Emerson
on October 16, 2013
Category:  Ideation  Creation  Execution  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.

[More]
MedCityNews .com
on October 16, 2013
Category:  Creation 
New Kauffman site offers expert resources for entrepreneurs

The Kauffman Foundation has recently launched a new site called the Founders School. Healthcare entrepreneurs can use this site to discover new resources for common entrepreneurial problems.

[More]
Ryan Amin
on October 16, 2013
Category:  Creation  Execution  Growth  Ideation 
Can you trust a stranger with your startup success?

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.

[More]
Ryan Amin
on October 15, 2013
Category:  Creation 
Record year for venture funding of health IT companies

With only three quarters completed, 2013 has already been a record year for venture funding in digital health, according to San Francisco-based health IT incubator Rock Health, which has been tracking deals in the space since 2011.

[More]
Dan Emerson
on October 14, 2013
Category:  Creation 
DARPA's director of small business programs shares funding tips

The Department of Health and Human Services isn’t the only federal agency interested in funding medical research. Defense Advanced Research Projects Agency, the Department of Defense's primary innovation engine that's responsible for developing new technologies for use by the military, also frequently undertakes project in biology, medicine and neuroscience.

[More]
MedCityNews .com
on October 14, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

See who made this week's list for who to follow..

[More]
Ryan Amin
on October 11, 2013
Category:  Creation  Execution  Ideation  Growth 
New eMed research report: H@cking Medicine

H@cking Medicine brings together entrepreneurs, engineers, clinicians, scientists and designers with the motivation to launch disruptive healthcare startups.

[More]
Ryan Amin
on October 9, 2013
Category:  Ideation  Creation 
Is an accelerator the right path for you?

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.

[More]
Ryan Amin
on October 8, 2013
Category:  Creation  Ideation 
eMed's 6 to follow in entrepreneurship

See who made the list this week for eMed's 6 to follow

[More]
Ryan Amin
on October 4, 2013
Category:  Creation  Growth  Execution  Ideation 
Product demos at Health 2.0 include apparel, apps

Launch! did just what it said it would do — introduce 10 new companies and their products at Health 2.0 in back-to-back, 3.5-minute demos.

[More]
Mari Edlin
on October 3, 2013
Category:  Creation 
Who are the right people for your team?

During a panel focused on the players in entrepreneurship, Huffington Post writer Jennifer Hill led a discussion on team building for startups (0:21:57 – 0:27:42). The panel at Life Science Ventures Summit included Nick Franano, Avi Roop, Geoff Clapp and Sofie Qiao.

[More]
Ryan Amin
on October 3, 2013
Category:  Creation  Ideation 
Featured apps at Health 2.0 focus on reducing stress, monitoring heart rate

Healthcare conferences seem to have a monopoly on exercise and wellness, but that's not always the case at Health 2.0. Fitbits and contenders were nowhere in sight at the session on "Tracking and Monitoring Wellness."

[More]
Mari Edlin
on October 2, 2013
Category:  Creation  Growth 
8 tips to get funding without venture for medical devices

At Advamed 2013, industry leaders met and discussed how startups and innovation can beat the odds without much chance of gaining venture capital at an extremely early stage. Here are realistic options for medical device companies looking to fundraise early rounds without venture.

[More]
MedCityNews .com
on October 2, 2013
Category:  Growth  Creation 
The value of passion in your founding team

Some entrepreneurs have compared co-founding a startup to being married with a child. It takes teamwork, passion and focus on the goal as a whole, according to Owlet’s Co-founder and Chief Marketing Officer Jordan Monroe.

[More]
Ryan Amin
on October 1, 2013
Category:  Creation  Ideation 
7 fast tips for early-stage startups searching for angel funding

With venture capital becoming more and more of a bygone dream for early-stage medtech and life science companies, many startups want to turn to angel funding to raise capital but don't know where to start. At the Angel Investment Forum at Advamed 2013, Allan May, the founder and chairman of Life Science Angels, had the following advice.

[More]
MedCityNews .com
on September 30, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on September 27, 2013
Category:  Creation  Ideation  Execution  Growth 
Dealing with the equity split conversation with a co-founder

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.

[More]
Ryan Amin
on September 26, 2013
Category:  Creation 
Why pay attention to animal health

I am often asked about collaborations across disciplines and whether these result in real economic impact. I was recently reminded of not only how powerful this work can be but that it takes time to bloom.

[More]
Lesa Mitchell
on September 25, 2013
Category:  Creation  Ideation  Execution  Growth 
Give your medical device a proper FDA submission with these 3 keys

It's stressful. If you're a startup, your company depends on it: it's your FDA panel meeting. And, as Michael C. Morton, the vice president of global regulatory affairs at Medtronic (MDT), said, "It's kinda culminated with throwing the dice."

[More]
MedCityNews .com
on September 25, 2013
Category:  Execution  Creation 
New entrepreneurship interview series includes life science innovator

Giles Shih, President and CEO of BioResource International, is one of the entrepreneurs featured in the video interviews. In these three videos, Shih discusses his company strategy, the effects of his education and his journey as an entrepreneur.

[More]
Ryan Amin
on September 25, 2013
Category:  Creation  Ideation 
Users, feedback and a bear: How one healthcare entrepreneur tested his product

Healthcare entrepreneurs can see the potential for a product's success in the raw concept, but the product must go through a critical testing phase to reach that potential.

[More]
Ryan Amin
on September 24, 2013
Category:  Creation  Ideation 
Pharma startup raises funds without VCs

Savara Pharmaceuticals needed several million dollars to take its inhalable drug for troublesome infections in cystic fibrosis patients through Phase 2 clinical trials. So CEO Rob Neville, naturally, began talking with venture capitalists. But in the end, he didn't end up needing any of their money.

[More]
MedCityNews .com
on September 23, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on Septembers 20, 2013
Category:  Creation  Growth  Execution  Ideation 
How to test the strength of your business model

Entrepreneur and business model innovator Alexander Osterwalder led a business model discussion at a Life Science Ventures Summit hosted by the Kauffman Foundation.

[More]
Ryan Amin
on September 19. 2013
Category:  Creation  Ideation 
7 strategies to protect intellectual property for medical devices

Passed in September 2011, the final phases of the America Invents Act went into effect in March. Cyrus Morton, a partner at the Minneapolis office of Robins, Kaplan, Miller and Ciresi said this law represents the biggest change since the 1950s.

[More]
MedCityNews .com
on September 18, 2013
Category:  Creation  Growth  Ideation  Execution 
Avoid broad target markets for your Health IT product

When health IT startups say they're making a new technology platform for physicians, John Sung Kim has an immediate follow-up question - for what specialty

[More]
MedCityNews .com
on Septemeber 16, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on September 13, 2013
Category:  Creation  Growth  Execution  Ideation 
9 strategies for entrepreneurs working with angel investors

The number of angel investors in the U.S. has jumped 60 percent since 2002, and the number of dollars they've invested in companies has gone up even faster. Not to mention that a few new angel groups have sprouted just within the last year to invest especially in life science companies.

[More]
MedCityNews .com
on September 11. 2013
Category:  Creation  Growth 
3 strategies to stay away from for startups looking for investments

People who advise entrepreneurs over a decent chunk of time tend to have the kind of world-weary perspective you'd expect from someone who has seen so many startups succeed or fail. They know what can scupper investment opportunities and turn off potential investors.

[More]
MedCityNews .com
on September 9, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

See our list for 6 people to follow for entrepreneurship

[More]
Ryan Amin
on September 6, 2013
Category:  Creation  Growth  Execution  Ideation 
Making of a successful entrepreneur

The Anatomy of an Entrepreneur provides insights into motivation, education and family history of startup founders. The research also shares views of those founders on determining success of new companies.

[More]
Ryan Amin
on September 5, 2013
Category:  Ideation  Execution  Creation 
Dominique's Desk: Creating community

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.

[More]
Christina Hernandez Sherwood
on September 5, 2013
Category:  Creation  Ideation 
4 Lessons from CEOs of medical device startups in Europe

What with the medical device tax and regulatory hurdles, there is a lot of medical device startups are contemplating beginning business in Europe. But before you leap, look. Is America or Europe right for your company?

[More]
MedCityNews .com
on September 4, 2013
Category:  Creation  Ideation 
Why keeping it simple is a good strategy, even for innovators

With his educational background consisting of an entrepreneur degree plus a medical background specializing in orthopedics, Blaine Warkentine, Founder and CEO of Vimty, has continuously been able to find issues in the healthcare industry that can be improved.

[More]
Ryan Amin
on September 3, 2013
Category:  Creation  Ideation 
eMed's 6 to follow in entrepreneurship

See this week's list for the 6 to follow in entrepreneurship

[More]
Ryan Amin
on August 30, 2013
Category:  Creation  Growth  Execution  Ideation 
10 insights for investment pitches by panel of experienced entrepreneurs

A panel of investors critiqued and evaluated presentations from four entrepreneurs and discussed what they look for in elevator and longer format pitches. The panelists included Karen Griffith Gryga of Mid-Atlantic Angel Investor Group Fund, Bob Thomson of Ben Franklin Technology Partners of Northeastern Pennsylvania and Ellen Weber of Robin Hood Ventures. Beth Cohen acts as director of emerging growth services at Philadelphia law firm Blank Rome and moderated the panel. Here is some of their advice to entrepreneurs on how to make the cut on selection day.

[More]
MedCityNews .com
on August 28, 2013
Category:  Creation 
Don’t wait for the perfect team to start your company

Jake Halpert, CEO of Lucidity Health, agrees with the conventional wisdom that the team is the most important aspect of an early-stage health care business. But, he added, an entrepreneur shouldn't wait for the perfect team to start his company.

[More]
Christina Hernandez Sherwood
on August 27, 2013
Category:  Creation  Execution 
5 LinkedIn tips for life science entrepreneurs

For life science entrepreneurs and professionals looking to build a business, search for the next opportunity or simply network, having a LinkedIn page is a necessity. But the passion people devote to looking for a job or investors on LinkedIn can come off as desperation and lead to bad practices like being overly familiar with people you've never met, having a picture of Brad Pitt as your profile photo or misspelling the name of the drug you've worked for years to develop.

[More]
MedCityNews .com
on August 26, 2013
Category:  Ideation  Creation 
eMed's 6 to follow in entrepreneurship

See who made the 6 to follow list this week.

[More]
Ryan Amin
on August 23, 2013
Category:  Creation  Execution  Growth  Ideation 
Gender differences in life science patenting

In the life sciences, male academic scientists secure patents at more than twice the rate of their female colleagues, according to an analysis sponsored by the Kauffman Foundation.

[More]
Christina Hernandez Sherwood
on August 22, 2013
Category:  Creation 
5 ideas to think about before starting to fundraise

Panelists at Great Lakes Venture Fair in Cleveland doled out some tips for budding entrepreneurs getting ready to do their first round of fundraising. On the panel were Jon Snyder, president and CEO of Cleveland neurostimulation company Neuros Medical; Kevin Mendelsohn, vice president of finance and corporate development for CardioInsight Technologies; Art Fritts, president and CEO of nanotechnology company NanoSperse; and Lisa Novelli, president and CEO of National Composite Center. Here's a quick rundown of what they suggested entrepreneurs think about before they raise any money.

[More]
MedCityNews .com
on August 21, 2013
Category:  Ideation  Creation 
New eMed white paper: Who are the "players" in entrepreneurship?

eMed has published the fourth in a series of white papers focused on issues key to life science and digital health entrepreneurs. The new white paper, Who are the "players" in entrepreneurship?, offers insights on the universe of people a startup founder will need to work with in order for the company to be a success.

[More]
Christina Hernandez Sherwood
on August 21, 2013
Category:  Creation 
Why healthcare entrepreneurs need more than a core expertise

Though not all business owners can mimic Andrey Ostrovsky's trajectory, his experience taught him some best practices for cultivating good life science and digital health entrepreneurs. The most successful healthcare entrepreneurs he's seen have a killer combination of a broad, core expertise and a deep vertical.

[More]
Christina Hernandez Sherwood
on August 20, 2013
Category:  Creation  Ideation 
Entrepreneurs explain what medical device startups should avoid

A lively conversation has ensued over at the Medical Devices LinkedIn group in response to a member who posed the question: What are the three mistakes startups make that could act as advice for the industry moving forward?

[More]
MedCityNews .com
on August 19, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

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

[More]
Ryan Amin
on August 16, 2013
Category:  Creation  Execution  Growth  Ideation 
The importance of networks

In an essay for the Kauffman Foundation, business administration professor Toby Stuart described his research examining how the social and business networks in which would-be entrepreneurs and early-stage firms are immersed influence entrepreneurial processes and outcomes.

[More]
Christina Hernandez Sherwood
on August 15, 2013
Category:  Creation 
Two feasible strategies for healthcare startups seeking funding

The money is still out there, but don't take it until you absolutely have to. That was the advice to healthcare startups from Fahd M.T. Riaz, a partner in Morgan Lewis's Business and Finance Practice. He talked about trends in funding for healthcare startups on a panel at CONVERGE with Kelly Campbell Slone of the National Venture Capital Association, Joe Hammer of GE Capital Healthcare Fianancial Services, Fadh Riaz, and Elliot Menschik of DreamIt Ventures. Sixty-five percent of his clients are emerging startups and the rest are big companies like J&J and Boston Scientific.

[More]
MedCityNews .com
on August 14, 2013
Category:  Creation  Execution 
How raising capital in the Midwest differs from the coasts

"Raising capital in the Midwest is a lot different than raising on the coasts," said Kurt Brenkus, CEO of Wisconsin-based Aver Informatics. "We had to hit the streets making the rounds with angel investors."

[More]
Christina Hernandez Sherwood
on August 13, 2013
Category:  Creation 
5 tips for startups seeking regulatory approval

There are benefits for startup medical deviceand drug development companies to court regulators like the U.S. Food and Drug Administration early to ensure strong communication on what's expected and what a comany's product(s) can deliver. But on the other hand,there can be some unforeseen challenges as well. And of course the FDA has been known to change its mind and request more and more data.

[More]
MedCityNews .com
on August 12, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

See who made the list this week for eMed's 6 to follow in entrepreneurship.

[More]
Ryan Amin
on August 9, 2013
Category:  Creation  Growth  Execution  Ideation 
Healthcare entrepreneurs' role in improving healthcare access and value

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.

[More]
Ryan Amin
on August 7, 2013
Category:  Ideation  Growth  Execution  Creation 
Expecting investments? Keep these tips in mind

Investors and entrepreneurs demand a lot from each other. Investors want good communication, "coachability," and realistic expectations. Entrepreneurs need a similar list for their investors that goes beyond meeting an investment goal.

[More]
MedCityNews .com
on August 7, 2013
Category:  Creation 
The thumbs-up or thumbs-down approach to team building

Interviewees shouldn't expect traditional questions when they're applying for a position at Limeade, a corporate wellness space focused on building high-performance workforces.

[More]
Christina Hernandez Sherwood
on August 06, 2013
Category:  Creation  Ideation 
Dominique's Desk: The players in your entrepreneurial orbit

The diverse ecosystem of entrepreneurship is exciting. But it can also be overwhelming, given the many stakeholders an early-stage entrepreneur interacts with during the first few years alone.

[More]
Dominique Pahud
on August 05, 2013
Category:  Creation 
Avoid common mistakes with these 6 negotiating tips

Entrepreneurs and venture capitalists don't always speak the same language, metaphorically speaking, but they do share common goals. VC deals, then, should be considered a matter of cooperation.

[More]
MedCityNews .com
on August 5, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

See who made the list on this week's 6 to follow in entrepreneurship

[More]
Chris Seper
on August 2, 2013
Category:  Creation  Growth  Execution  Ideation 
How the university technology transfer office fosters entrepreneurship

The report University Technology Transfer through Entrepreneurship: Faculty and Students in Spinoffs, examines students' roles in university startups and compares the functions and responsibilities of faculty, entrepreneurs, and students in moving innovations to market.

[More]
Christina Hernandez Sherwood
on August 01, 2013
Category:  Creation 
Med device entrepreneurs share which startup costs were unexpected

In the startup world, where every dollar counts, spending too many dollars on expenses you weren't prepared for can quickly put a company in a tough spot. In a 2011 survey, one in three small business owners reported that underestimating monthly expenses was their biggest mistake.

[More]
MedCityNews .com
on July 31, 2013
Category:  Creation  Growth 
When to quit your day job and go full-time entrepreneur

In the past, Dr. Amy Baxter was able to practice emergency medicine while developing a new medical device that deadens the pain from injections. But working on her startup during the day and picking up night shifts at the hospital could only go on for so long.

[More]
Ryan Amin
on July 30, 2013
Category:  Ideation  Creation 
From company name to investment, Venture-Med Angels advise startups

After two decades of clinical practice, a couple of healthcare startups and a handful of angel investing networks, Jose Bolanos noticed a few things about the process of medical innovation. First, venture capitalists were struggling in healthcare and were moving toward later-stage investments. Secondly, physicians were self-funding a lot of their projects. And third, many angel groups that weren't focused on healthcare struggled to understand HIPAA and FDA regulations and reimbursement issues, which are crucial pieces in the due diligence process and just as crucial for the companies to understand.

[More]
MedCityNews .com
on July 29, 2013
Category:  Ideation  Creation 
eMed's 6 to follow in entrepreneurship

Check out who made the list for eMed's 6 to follow in entrepreneurship this week

[More]
Chris Seper
on July 26, 2013
Category:  Creation  Execution  Growth  Ideation 
Six myths about venture capital

In a piece for the Harvard Business Review, Kauffman's director of private equity Diane Mulcahy debunked six VC myths to empower founders when negotiating for funding.

[More]
Christina Hernandez Sherwood
on July 25, 2013
Category:  Creation 
How one digital health startup got its product on The Colbert Report

CellScope creates tools for consumers to use at home to remotely diagnose common ailments. Its co-founder offered entrepreneurial insights on selling the vision, finding the right funding fit, and not being afraid to ask.

[More]
Christina Hernandez Sherwood
on July 23, 2013
Category:  Creation  Growth  Execution 
Three things startups should avoid when talking to investors

People who advise entrepreneurs over a decent chunk of time tend to have the kind of world-weary perspective you’d expect from someone who has seen so many startups succeed or fail. They know what can scupper investment opportunities and turn off potential investors.

[More]
MedCityNews .com
on July 24, 2013
Category:  Creation  Growth 
Get angel and VC interest in your medical device startup

Paul Hartung, CEO of Cognoptix, Inc., a startup that has created a drug-device that could diagnose Alzheimer's earlier in patients, is also the first person to have a syndicated angel deal in the Northeast. He's raised more than $20 million for Cognoptix, and worked on the LASIK team at Summit until it was brought through to IPO. Here are six strategies that helped Hartung attract investors.

[More]
MedCityNews .com
on July 22, 2013
Category:  Ideation  Growth  Creation 
eMed's 6 to follow in entrepreneurship
Check out this week's 6 to follow in entrepreneurship. [More]
Chris Seper
on July 19, 2013
Category:  Creation  Growth  Execution  Ideation 
Successful speech tips for life science entrepreneurs

I still remember how red-face frustrated one of my seed investors was after hearing my pitch to another investor in Month One of the business. "It's a process," he repeatedly said out loud - and I am pretty sure he was talking to himself.

[More]
MedCityNews .com
on July 17, 2013
Category:  Creation 
Why entrepreneurs must strike a balance between passion and objectivity (video)

eMed caught up with the Orpyx co-founder and CEO last week at MedCity CONVERGE to get her insights on approaching heavy hitters, finding employees who will thrive, and striking the balance between passion and objectivity.

[More]
Christina Hernandez Sherwood
on July 16, 2013
Category:  Creation 
Pitch strategy questions answered by 3 VCs

That's one of the predicaments entrepreneurs face when they go into a meeting with a potential VC investor. What information should be included in a pitch deck? What questions should founders be prepared to answer? What aspects of the business don't investors need to know about when they're considering an investment?

[More]
MedCityNews .com
on July 15, 2013
Category:  Creation  Execution 
New opportunities for entrepreneurs from MedCity CONVERGE

At MedCity CONVERGE, a national, executive-level summit on healthcare innovation in Philadelphia last week, stakeholders from the business community, government, and health insurers provided a glimpse into new opportunities for life science and digital health entrepreneurs.

[More]
Christina Hernandez Sherwood
on July 15, 2013
Category:  Execution  Creation  Ideation 
eMed's 6 to follow in entrepreneurship
Many things can make you a better entrepreneur. But here's one that certainly helps: networking. So every week eMed is going to highlight some healthcare and life science entrepreneurs on twitter you should consider following. This is not an endorsement, but an encouragement. Entrepreneurship is better when everyone joins the conversation. So please join us by following @emedcommunity and participating on eMed at Entrepreneurship.org [More]
Chris Seper
on July 12, 2013
Category:  Creation  Growth  Execution  Ideation 
What startups can learn from entrepreneurial communities

The Kauffman Foundation's new multimedia channel, ID8 Nation, spotlights entrepreneurial communities throughout the country. The first featured city, Pittsburgh, transformed its economy through entrepreneurship and now hosts a number of diverse startups.

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Christina Hernandez Sherwood
on July 11, 2013
Category:  Ideation  Creation 
5 tips for a successful partnership in HIT

Growth through strategic collaborations has fueled the expansion of many a company involved in the health care space such as Intermountain Healthcare System and McKesson to add new technologies and markets relatively rapidly. The forms these partnerships take vary according to need and size. Although frequently between smaller and larger companies, it can also be a partnership of equals. It can be particularly useful for small; growing companies to validate their products and give them broader market exposure. On the other hand, if there's a fundamental difference in goals by the companies in the partnership or the customers isn't happy with the agreement in practice, it could all go pear shaped, especially for the smaller companies.

[More]
MedCityNews .com
on July 10, 2013
Category:  Creation 
Insights for entrepreneurs from MedCity CONVERGE

MedCity CONVERGE, a national summit on healthcare innovation, kicked off Tuesday in Philadelphia with insights from pharma, insurance, health systems, and more.

[More]
Christina Hernandez Sherwood
on July 10, 2013
Category:  Creation  Execution  Growth  Ideation 
How life science and digital health companies can find crowd funding success

Misfit Wearables founder and CEO Sonny Vu shared his insights on crowd funding success, being lean while producing hardware, and building a great team and company culture.

[More]
Christina Hernandez Sherwood
on July 09, 2013
Category:  Creation  Ideation 
eMed's 6 to follow in entrepreneurship

Check out eMed's 6 to follow this week

[More]
Chris Seper
on July 5, 2013
Category:  Creation  Growth  Execution  Ideation 
Event Preview: MedCity CONVERGE

MedCity CONVERGE, a national, executive-level summit in Philadelphia next week, will bring together decision-makers and stakeholders to provide a glimpse at the future of medical innovation and the opportunities and challenges facing the industry.

[More]
Christina Hernandez Sherwood
on July 05, 2013
Category:  Creation  Execution  Growth 
Experienced criticisms from 6 successful entrepreneurs

Sure, curmudgeons are good in theory, but can critics improve a company? I figured it was an idea worth exploring. Here's what seven entrepreneurs learned from their biggest critics. Share your insights from grumps in the comments.

[More]
MedCityNews .com
on July 3, 2013
Category:  Execution  Growth  Creation  Ideation 
Doctor.com founder on why you should hire from the competition

Doctor.com founder and president shares insights on slow fundraising, hiring from the competition, and impressing at every presentation.

[More]
Christina Hernandez Sherwood
on July 02, 2013
Category:  Creation  Growth 
UBI analyzes top university incubators

The team behind the University Business Incubator Index set out to find the top university incubators in the world, discover what makes them successful, and learn where others are falling short. Over the past year, they collected data on 150 university incubators in the U.S., Europe, Asia and Australia. They interviewed incubator managers, entrepreneurs and investors, and came up with about 60 independent indicators of success. Then they scored each incubator, adjusting scores for those in the most favorable and unfavorable locations.

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MedCityNews .com
on July 1, 2013
Category:  Execution  Creation  Growth 
eMed's 6 to follow in entrepreneurship

Check out this week's 6 to follow in entrepreneurship. 

[More]
Chris Seper
on June 28, 2013
Category:  Execution  Creation  Growth  Ideation 
New eMed white paper: Building Your Team

eMed has published the third in a series of white papers focused on issues key to life science and digital health entrepreneurs. The new white paper, Building Your Team, offers insights and tips on co-founders and first hires.

[More]
Christina Hernandez Sherwood
on June 27, 2013
Category:  Creation 
How doctors-turned-entrepreneurs can achieve business success

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."

[More]
Christina Hernandez Sherwood
on June 25, 2013
Category:  Creation  Ideation 
eMed's 6 to follow in entrepreneurship

One thing that helps entrepreneurs is networking. So every week @emedcommunity is going to highlight some healthcare and life science entrepreneurs on twitter you should consider following. This is not an endorsement, but an encouragement. Network with your peers!

[More]
Chris Seper
on June 21, 2013
Category:  Growth  Ideation  Execution  Creation 
Reducing Costs and Accelerating Innovation in Biotech Startups

Operating a biotech startup has presented increased difficulty and risk to entrepreneurs over the past decade. The costs of development for biotech startups have grown so much as to become a barrier to entry. Up-front capital costs for equipment now range from $200,000 for a scanning electron microscope to $740,000 for an Illumina next-generation sequencing platform (Wall Street Journal, 2012). It is in turn quite cost-prohibitive to establish in-house research platforms on basic startup funding.

[More]
Elizabeth Iorns, PhD
on June 20, 2013
Category:  Creation 
Another healthcare investing portal opens as crowdfunding continues to increase

It's been just over one year since the JOBS Act was passed, which makes equity- and debt-based crowdfunding legal for accredited and nonaccredited investors. Although the U.S. Securities and Exchange Commission has yet to finalize and implement specific rules around those provisions, several online platforms have plowed ahead and created private portals for accredited investors and startups to find each other in the meantime.

[More]
MedCityNews .com
on June 19, 2013
Category:  Growth  Creation 
How entrepreneurs can validate their business model by studying other sectors

How a software company for science researchers learned about business model validation by studying OpenTable's model.

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Christina Hernandez Sherwood
on June 18, 2013
Category:  Creation  Ideation 
Life science entrepreneurs in NYC gain resource with new incubator in Harlem

New York City has been adding to its life science incubator landscape in the past couple years to dissuade biotech researchers graduating from its universities from heading to Boston or New Jersey or worse yet, the West Coast. The most recent development is a life science incubator in Harlem scheduled to open this fall that will house up to 20 companies.

[More]
MedCityNews .com
on June 17, 2013
Category:  Creation  Ideation 
Dominique’s Desk: Building your team

People are the most important asset for any entrepreneur. In fact, more than 65 percent of startups fail due to founding team issues.

[More]
Dominique Pahud
on June 17, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

Check out eMed's 6 to follow in entrepreneurship this week.

[More]
Chris Seper
on June 14, 2013
Category:  Ideation  Creation  Execution  Growth 
Potential pitfalls for entrepreneurs who get their start in university labs

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.

[More]
Christina Hernandez Sherwood
on June 13, 2013
Category:  Creation 
How networking with corporate attorneys can help your startup

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.

[More]
Christina Hernandez Sherwood
on June 11, 2013
Category:  Execution  Creation 
eMed's 6 to follow in entrepreneurship

See who we're following this week for insights of importance to healthcare entrepreneurs.

[More]
Chris Seper
on June 7, 2013
Category:  Creation 
The Entrepreneur Next Door: A look at your competition

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.

[More]
Christina Hernandez Sherwood
on June 06, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship
Checkout this weeks eMed's 6 entrepreneurs to follow in entrepreneurship. [More]
Chris Seper
on May 31, 2013
Category:  Growth  Creation 
An option for entrepreneurs seeking bank financing

Traditional banks often don't know what to do with a business with no revenue and no developed product or service. But since bank financing is important for startups, it's a good idea to find a bank that understands startups' assets and the ebb and flow of startup sales and revenue cycles.

[More]
Christina Hernandez Sherwood
on May 30, 2013
Category:  Creation 
Seeking angel investment? Check out this matching service for entrepreneurs and investors

Angel investors are wealthy individuals who make early-stage investments in and provide advice to startups. In a slump following the recession, angel investment rebounded in 2011 with angels investing $22 billion in entrepreneurs.

[More]
Christina Hernandez Sherwood
on May 23, 2013
Category:  Creation  Execution 
eMed's 6 to follow in entrepreneurship

Get engaged in the conversation with this weeks eMed's 6 to follow in entrepreneurship.

[More]
Chris Seper
on May 17, 2013
Category:  Creation 
Considering crowdfunding? Get an in-depth look at one new platform

Looking for early-stage financing for your life science or digital health startup? Crowdfunding, in which individuals and teams can raise money over the Internet from dozens or thousands of sources in small amounts, has become a popular financing tool.

[More]
Christina Hernandez Sherwood
on May 16, 2013
Category:  Creation 
Funding insights for entrepreneurs from top med tech investors

At the MedTech Investing Conference in Minneapolis last week, two sessions focused specifically on med tech funding: from early- and late-stage investing to emerging funding sources available to private companies.

[More]
Christina Hernandez Sherwood
on May 13, 2013
Category:  Creation 
Translational Medicine Alliance uncovers opportunities for life science entrepreneurs

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.

[More]
Christina Hernandez Sherwood
on May 09, 2013
Category:  Growth  Creation 
The state of the med tech venture industry

Medical devices have outperformed most other sectors in the venture industry from 2001 to last year. But a capital crunch remains.

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Christina Hernandez Sherwood
on May 08, 2013
Category:  Creation 
At MedTech Investing Conference, "Med tech is alive and well"

"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.

[More]
Christina Hernandez Sherwood
on May 08, 2013
Category:  Creation 
Event Preview: MedTech Investing Conference

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.

[More]
Christina Hernandez Sherwood
on May 06, 2013
Category:  Creation 
Event Preview: MedTech Investing Conference

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.

[More]
Christina Hernandez Sherwood
on May 06, 2013
Category:  Creation 
What the new age of health care means for life science entrepreneurs

David Ewing Duncan, director of the Center for Life Science Policy at the University of California, Berkeley, published an "old-fashioned call to arms and action plan for a new age of health care." The Personalized Health Manifesto was developed with the participation of about three dozen life science leaders in science, medicine, business, and more.

[More]
Christina Hernandez Sherwood
on May 02, 2013
Category:  Ideation  Creation 
Weekly Wisdom from Kauffman: Lessons in innovation from China and India

Thanks to the movement of research and development to China and India, scientists there are quickly developing the ability to innovate and create their own intellectual property, according to a Kauffman Foundation study.

[More]
Christina Hernandez Sherwood
on April 25, 2013
Category:  Creation  Execution 
Paul Sonnier: Founder of LinkedIn’s 17,000-member Digital Health group

As head of digital health strategy for the consulting firm Popper and Company, Paul Sonnier helps entrepreneurs develop and commercialize their products. He’s also a mentor for the accelerator Blueprint Health and founder of the Digital Health group on LinkedIn, which boasts nearly 17,000 members.

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Christina Hernandez Sherwood
on April 23, 2013
Category:  Creation 
Cellanyx Diagnostics: CEO shares tips from the startup trenches

It hasn’t been a year since the Cellanyx Diagnostics team spun out their technology from Columbia University. But, halfway to raising $1 million worth of seed funding for the company, CEO Ashok Chander can already share tips from the trenches.

[More]
Christina Hernandez Sherwood
on April 16, 2013
Category:  Creation  Ideation 
eMed's 6 to follow in entrepreneurship
  Join the conversation this week with eMed's entrepreneurs to follow on twitter. [More]
Chris Seper
on 4/12/03
Category:  Creation 
BioCurious: Bio-hacker space cofounder on funding and regulatory issues

BioCurious is a Silicon Valley bio-hacker space with a dual mission: community education and work with entrepreneurs. Cofounder Raymond McCauley, who is also chair of biotechnology at Singularity University, said BioCurious provides lab space, equipment and a community for entrepreneurs.

[More]
Christina Hernandez Sherwood
on April 09, 2013
Category:  Creation 
eMed's 6 to follow in entrepreneurship

Here's the next in our series of people for entrepreneurs to follow on twitter. Join the conversation.

[More]
Chris Seper
on April 5, 2013
Category:  Creation 
Dominique's Desk: Navigating the fundraising process

The most frequent question I get asked from entrepreneurs is “Where can I find dollars”?  Assuming that they have done the work, the best I can do to help is to share the stories of entrepreneurs that have recently succeeded in raising funds in today’s tough environment.

[More]
Dominique Pahud
on April 04, 2013
Category:  Creation 
Weekly Wisdom from Kauffman: The role of academia in drug development

A Kauffman Foundation town hall meeting explored how the government, nonprofits and academic institutions could help enhance drug development and bring more effective drugs to market.

[More]
Christina Hernandez Sherwood
on April 04, 2013
Category:  Creation 
New eMed white paper: Funding Sources for Life Science Startups

eMed has published the first in a series of white papers focused on issues key to life science and digital health entrepreneurs. The first white paper, Funding Sources for Life Science Startups, offers countless ideas on how to raise capital for a healthcare product: from a drug or device to the emerging health IT and mobile health segments.

[More]
Christina Hernandez Sherwood
on April 03, 2013
Category:  Creation 
LUMO: Co-founder shares tips on seeking feedback and using networks

LUMOback is the first product by LUMO, a Palo Alto-based company founded by three entrepreneurs – including one who suffered back problems for years. Charles Wang, co-founder and CMO, shared what he’s learned since the company’s launch in 2011 and the product’s release last year.

[More]
Christina Hernandez Sherwood
on April 02, 2013
Category:  Ideation  Creation 
eMed's 6 to follow in entrepreneurship

Read about the six lifescience and healthcare entrepreneurs we'll be following this week on twitter.

[More]
Chris Seper
on March 29, 2013
Category:  Creation 
Weekly Wisdom from Kauffman: How legal reform can promote innovation

As a life science entrepreneur, you surely have ideas on how changing legal rules and policies could promote innovation and accelerate U.S. economic growth. The Kauffman Foundation, seeking suggestions on how to jumpstart the struggling economy, convened America’s leading legal scholars and social scientists to offer their thoughts.

[More]
Christina Hernandez Sherwood
on March 28, 2013
Category:  Creation 
Bioarray Therapeutics: CEO offers insights on sharing the company’s vision

The vision at Bioarray Therapeutics, a biotechnology company in Boston, is to improve cancer detection and treatment. By finding genes associated with cancer, the company is developing a diagnostic for breast cancer that can help doctors and patients choose the best treatment.

[More]
Christina Hernandez Sherwood
on March 26, 2013
Category:  Ideation  Creation  Execution 
Atul Butte: Biotechnology entrepreneur on success and failure

As a biomedical informatics researcher and biotechnology entrepreneur in the Silicon Valley, Atul Butte has big ideas about the future of life science entrepreneurship. His Butte Lab works to solve genomic medicine problems through new developments in translational bioinformatics.

[More]
Christina Hernandez Sherwood
on March 19, 2013
Category:  Ideation  Creation 
Why startups have to pitch attorneys like investors (video)

Startups are not just a risk for investors. They are also a risk for the attorneys and other service providers that choose to work with them. That's because there's no guarantee an early-stage company will be around to pay a law firm for all the work it's done - let alone become a long-term customer.

[More]
Chris Seper
on March 14, 2013
Category:  Creation 
Morpheus Medical: Co-founder shares insights on securing funding and managing costs

With the goal of revolutionizing cardiac MRI, Morpheus Medical has developed software that takes the process from three hours to about 20 minutes. The company was launched about a year and a half ago when entrepreneurs who wanted to use computational processing to help with the diagnosis of disease came together with radiologists from Stanford University to commercialize the product.

[More]
Christina Hernandez Sherwood
on March 12, 2013
Category:  Creation 
Weekly Wisdom from Kauffman: Immigrant scientists help to improve cancer survival rates

With immigrants in more than 40 percent of the cancer researcher slots at America’s top cancer institutes, these scientists are playing an integral role in improving cancer survival rates in the United States, according to a Kauffman Foundation-funded National Foundation for American Policy report released last month.

[More]
Christina Hernandez Sherwood
on March 07, 2013
Category:  Creation 
Weekly Wisdom from Kauffman: Breaking Down Barriers to Life Sciences Commercialization

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.

[More]
MedCityNews .com
on February 21, 2013
Category:  Creation 
DioGenix: CEO Offers Tips on Pursuing the Right Product and Investors

DioGenix, in Gaithersburg, Md., was founded in 2009 after CEO Larry Tiffany and his senior management team saw a clear clinical need: monitoring disease progression of multiple sclerosis (MS). Tiffany has an extensive background in biotech, as an IP attorney, and as a senior executive at small and mid-size biotech companies. Before DioGenix, he was senior vice president and general manager of genomics for another genomics research company, Gene Logic.

[More]
MedCityNews .com
on February 19, 2013
Category:  Creation  Execution 
A Health Data Revolution? For Entrepreneurs It Has Just Begun.

At the FutureMed conference at Singularity University in the Silicon Valley this month, innovators from throughout the health field gathered for sessions on the future of medicine. A session on data-driven health provided insights into fascinating healthcare innovations centered on the use of health data. And it offered ideas for entrepreneurs looking to join the data revolution.

[More]
MedCityNews .com
on February 16, 2013
Category:  Creation 
Weekly Wisdom from Kauffman: Old(er) = Entrepreneur

The archetypal entrepreneur is a strapping 20-something. But we shouldn’t count out Baby Boomers as the next innovators.

Dane Stangler, senior analyst at the Kauffman Foundation, uncovered these facts in some recent Kauffman Foundation research:

[More]
MedCityNews .com
on February 14, 2013
Category:  Ideation  Creation 
How to Use Book Smarts to Build a Digital Health Startup

One way for life science and digital health entrepreneurs to innovate: turn landmark literature into accessible, web-based programs.

That’s what Omada Health, a San Francisco startup, has done for diabetes prevention. In a session on the future of intervention at the FutureMed conference at Singularity University in the Silicon Valley last week, the company’s co-founder and CEO Sean Duffy explained the effort.

[More]
MedCityNews .com
on February 13, 2013
Category:  Creation 
Medivo: Finding the Right Investors and Customers is Key to Business Success

Three years ago, Jason Bhan, MD, a family practitioner, went into business with a cousin—Sundeep Bhan, a serial entrepreneur—and a friend, Destry Sulkes, also an MD.  The three healthcare entrepreneurs founded Medivo, which developed tools to track symptoms, explain lab results, and provide personalized health information.

[More]
MedCityNews .com
on February 12, 2013
Category:  Execution  Creation