Getting Funding for a Surgical Innovation: Opportunities and Challenges
There has never been a more opportune time than now for an academic surgeon to capitalize on a vast and diverse funding landscape in their effort to bridge the gap between research and commercialization. More medical entrepreneurs than ever before now have the resources in-hand to forge new startups in today’s healthcare market that is ripe for disruption by new players and models. The “Golden Age of Medpreneurship” is in full swing with increasing access to capital, declining cost of technology, and the world’s information instantly available.
This chapter breaks down how the funding machine works by providing insights into the investor mindset, funding round basics, the healthcare investors behind the money, and funding tips for “medpreneurs”.
Creating a successful, sustainable and ultimately valuable company requires the right mix of due diligence, hard work and business savvy. The competitive edge will go to those surgeons willing to embrace the business world and build multi-disciplinary and impressive teams while fully managing the risks and seizing the opportunity.