How should we serve the needs of early-stage sick care information and communications technology (ICT) entrepreneurs?

How should we serve the needs of early-stage sick care information and communications technology (ICT) entrepreneurs?

Early-stage sick care entrepreneurs have five basic needs: product market-fit, networks, money, pilot and clinical validation partners, and customers.

Many trade associations, events, hospital systems and accelerators have tried to fill the gaps. Yet, many early-stage entrepreneurs are left out and most startups will fail.

How should the parts of international entrepreneurship and innovation ecosystems fill the gaps?

  1. Premedical, medical school and graduate medical education, training and development
  2. Accommodating the needs of early-stage entrepreneurs during meetings and conferences.
  3. Better ways to match entrepreneurs with the most appropriate accelerator, incubator, or scalerator
  4. Better ways to match entrepreneurs with non-equity diluting funders
  5. Better ways to match entrepreneurs with the most appropriate investors
  6. A registry of potential ICT trial sites, similar to research clinical trial sites
  7. An online pilot matching platform, similar to what medical students use to land a residency slot
  8. A platform for matching entrepreneurs with those subject matter experts and stakeholders interested in participating in customer discovery interviews
  9. A platform matching HCP entrepreneurs looking for non-clinical roles with ICT companies interested in engaging them
  10. Better ways to network with like-minded colleagues during national events and meetings.
  11. Expand and connect international entrepreneurship and innovation ecosystems
  12. Showcase failures as well as successes and lessons learned
  13. Helping companies penetrate US and other country markets

Profit driven events and conferences attended by tens of thousands of anchor tenant sponsors plying their wares are not addressing the need of early and seed stage companies. Some are filling the gaps, but they are the few and the proud.

Arlen Meyers, MD, MBA, is the President and CEO of the Society of Physician Entreprenerurs on Substack



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