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August

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.

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Posted by: 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?

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Posted by: 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.

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Posted by: 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.

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Posted by: 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.

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Posted by: 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."

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Posted by: 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.

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Posted by: 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.

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Posted by: Ryan Amin
on August 9, 2013
Category:  Creation  Growth  Execution  Ideation 
Who are user entrepreneurs?

"User entrepreneurs" have founded more than 46 percent of innovative startups that have lasted five years or more, even though the group only creates 10.7 percent of all U.S, startups.

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Posted by: Christina Hernandez Sherwood
on August 08, 2013
Category:  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.

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Posted by: Ryan Amin
on August 7, 2013
Category:  Ideation  Growth  Execution  Creation