Founders Intelligence’s Post

Having recently co-authored this white paper on how to successfully scale innovation in digital health, it was wonderful to attend the brilliant health.tech conference in Munich with Rotimi Soyombo earlier this month and hear the same themes being discussed by founders, investors and healthcare leaders. I particularly enjoyed listening to Lucy Jones, Philip Heimann, Dr. Friderike Bruchmann, Maximilian Greschke and Farina Schurzfeld discuss the secrets behind successful go-to-market strategies in the healthcare space. Their conversation touched upon some key insights that I wanted to share: 🧭 When navigating multiple markets it is helpful to build flexible platforms, as the element that is reimbursed will vary significantly between different healthcare systems 📈 Revenue growth typically comes from finding a small number of customers who really want your product, rather than spreading yourself too thin across a larger number of lukewarm customers 🚫 Startups should avoid short-term pilots or co-development opportunities - instead, focus on building a finished product that customers want and validate that there is true product-market fit through revenue generation 💰 Healthcare providers will only invest money in a solution if there is a clear return on investment, so it’s important to have a sharp message on why hospitals (or other service providers) will benefit from buying the product Thanks again to everyone who contributed to the paper - it was fantastic to meet so many people who share my passion for using technology to deliver better healthcare. #digitalhealth #healthtech #innovation

To start up or not – Exploring health system and startup relationships: Are you ready to explore how we can enhance collaboration between startups and health systems? Startups and health organisations will converge to unlock the secrets of creating powerful, symbiotic relationships driving healthcare innovation. Imagine startups integrating seamlessly with health systems, enhancing each other’s strengths. But how do we achieve this? This event is your guide to understanding crucial decision points for effective collaboration. Health system professionals will learn to ask the right questions, plan resources, and analyse potential value when approached by startups with cutting-edge products. Startups will discover how to craft compelling value propositions that captivate health organisations. Additionally, we’ll explore how to ignite a ‘startup’ culture within established businesses, fostering innovation and providing safe havens for creative teams amidst ‘business as usual.’ July 16th 5.30pm - 7.30pm. Register here: https://lnkd.in/gQWNKTyH Emily Casey Michael Franco Tim Fazio Deepak Biswal #AIDH #healthsystems #healthprofessionals

Next week! Learn more about the Swiss health market, regulation and ecosystem with key players from the insurance sector, venture capital and startup scene. CSS. Swiss Healthcare Startups. SwissHealth Ventures

📢 Join us for an exclusive deep dive into the Swiss healthcare ecosystem and the opportunities it presents for innovation in our webinar on 13 June, from 3.30 to 4.30 pm. What to expect 🔍 Insights into the Swiss healthcare ecosystem: Gain a better understanding of Switzerland's healthcare landscape, including its key stakeholders, regulatory environment and innovation drivers. 💡 Tomorrow's digital health: Explore the transformative potential of digital health and its impact on the Swiss market. 💼 International healthcare investment: Discover how start-ups can leverage Swiss expertise and resources to drive innovative solutions. ℹ️ The webinar will be held in English and participant numbers are limited. Meet the speakers 🎤 Dominik Schürmann: Innovation Manager at CSS, bringing expertise in healthcare innovation and strategy. 🎤 Diana Hardie: CEO of Swiss Healthcare Startups, a visionary entrepreneur fostering collaboration and innovation in healthcare. 🎤 Markus Rommel: venture capitalist at SwissHealth Ventures, offering valuable insights into investment trends and opportunities for international start-ups in the healthcare sector. #digitalhealth #startup #innovation #healthpartner

💡Scaling Success: Growth Strategies for Digital Health Startups ⤵️ Scaling a digitalhealth #startup requires more than just a groundbreaking product; it demands a strategic approach to growth in a complex and evolving #healthcare ecosystem. ➡️ bluewalk.io 📣 Stay tuned for more insights, updates, and learning in the world of #regulatoryaffairs and #digitalhealth

It's time for PitchBook's Q4 #DigitalHealth report. It's definitely worth giving up your email address, if you are not a current subscriber. 💡 #Startups, listen up: "Digital health #funding has now settled into a #newnormal. Funding remains available for higher-quality startups, but #investor focus has shifted away from bets with lower potential for success." Getting your 🦆 in a row has never been more important. 🆘 Need a bit of help to navigate your #digitalhealth #startup journey? Check out the link in the first comment. https://lnkd.in/ebryyxX5

Digital health founders pull inspiration to solve healthcare problems from a variety of sources and experiences. Rebecca Mitchell, MD and Kathy Ku from our Investment Team share what some founders learned from their experiences as operators and how they've applied those lessons as they've started their own companies. Read all about it here: https://lnkd.in/gdf6wpRq #digitalhealthinnovation #healthcare #digitalhealthstartups #digitalhealthoperators

🧐 In 2023, only 13% of digital health collaborations were considered successful. How has it been for you so far? Has anything changed? We’d love to hear your insights in R2G's 2024 Annual Global #Survey: https://lnkd.in/eVQqmf-Z As a #startup navigating the digital health space, you know how crucial partnerships with corporations can be. With so many challenges, we're curious: - What’s been your experience this year? - Have your collaborations improved, or are you still facing the same hurdles? - Do you prefer co-development, investment, or client relationships? - What are your top 3 expectations when entering partnerships with corporates, and how well are these expectations met? - and more For #corporates, we’d love to hear your perspective too: - What’s been your biggest challenge in collaborating with startups? - Have you found more effective ways to work together, or are there recurring obstacles? - What are the current structures in place for managing digital health activities? - What have been the most popular digital health partnering areas? - and more Your feedback will help us understand what’s driving success in 2024. Share your thoughts and be part of this important conversation! 💬 Summary of the results will be shared with all the participants! 🗓️ The survey is open until October 31st, 2024. 🔗 Start here: https://lnkd.in/eVQqmf-Z Thanks for taking the time to share! #survey #digitalhealth #startups #partnerships #globalhealth #innovation #healthcarestartup

Health system investment organizations can be very valuable partners to startups in the #medtech and #digitalhealth space--particularly in giving specialized support to navigate regulatory requirements. This article concludes with an interesting thought about collaboration amongst them. Of note, two of the 22 health systems with investment arms are located in #illinois: https://lnkd.in/gU8yvp5i

We are thrilled to announce the newest cohort of Health Tech Ventures joining Advisory5 this spring of 2024! Meet the innovators driving change in healthcare, who have used Advisory5 to rapidly and affordably establish their advisory boards: Nilesh Bhandari Founder of Advanced Health Academy, Nilesh brings extensive experience in product strategy and business development. His platform provides lab diagnostic interpretations, increasing revenues and reimbursements for clients. With an MBA from Wharton, Nilesh excels in forging strategic partnerships and driving healthcare innovation. Helen Pak-Harvey CEO and Founder of Wholistics.Health, Helen is transforming healthcare through information technology and digital enablement. With a PhD in Organic Chemistry and an Executive MBA from Duke University, she combines scientific expertise with business acumen to drive innovation in patient engagement and disease prevention. 𝐎𝐥𝐞𝐧𝐚 𝐁𝐮𝐫𝐲𝐤𝐢𝐧𝐚 A resilient entrepreneur who fled Ukraine in 2022, Olena quickly obtained a cosmetology license and expanded her small office into a thriving salon. Now, she is venturing into product development, continuing her journey of resilience and innovation. Michelle Fritsch, PharmD, BCGP Founder and owner of Propel Comprehensive Wellness, Dr. Fritsch is a board-certified geriatric pharmacist with over 30 years of experience in healthcare. Her company prepares people for health and purpose after their primary career, addressing the unique needs of retirees. Special thanks to our advisors: George Keller, Margaret Kocherga, PhD, Ken Russell, PhD, Bryan Dennstedt🌱, Jay Kleinman, Douglas Neely, CMPE, MHA, Matthew Floyd 𝐀𝐛𝐨𝐮𝐭 𝐀𝐝𝐯𝐢𝐬𝐨𝐫𝐲5 At Advisory5, we build advisory boards that work for both advisors and founders in the health tech sector. Unlike typical marketplaces, our advisors choose the startups they want to support, ensuring a mutual fit and enhancing collaboration. Together, we drive innovation and success in health tech. Please welcome our new founder to the program with a comment, like, or share of this post! 🌟 #HealthTech #Innovation #AdvisoryBoard #Healthcare #Entrepreneurship #Advisory5