In the past few years, the number of startups in the healthcare sector has surged. According to the data of the venture capital fund, the number of entrepreneurs in the medical and health field has increased by 200% between 2010 and 2014. Reforms in the health sector have disrupted the original business model and prompted a flood of entrepreneurial projects. At the same time, the demand for care services for the elderly has increased, and the mainstream medical community has increased the acceptance of technologies such as wearable devices and video chat. These have also contributed to the explosive growth of entrepreneurs in this field.
The Health Health Incubator Startup Health described last year as the "Digital Health Outbreak Year." In 2014, the number of financing in the health care sector set a historical record: all new health care companies received a total investment of $6.5 billion. This figure is 125% more than in 2013.
Dr. Bob Kocher, a partner at Venrock, which specializes in healthcare IT technology, said: "The healthcare industry has always been a huge opportunity for entrepreneurs and investors. Working over the past few decades Excessive and declining capacity have been a problem that has plagued me in this area. But now, new market forces have emerged, bringing new incentives and paving the way for subverting the traditional medical industry ."
Startup Health is just the right time to choose to open a breakthrough from here. The company was founded by a long-standing business partner – Steven Krein and Unity Stoakes. The two of them have been cooperating since 1997. Over the years, they have seen a huge force pushing the health care industry to transform, and know that the industry is ready to change.
The two founded Startup Health in 2011, hoping to help 100 start-ups re-plan and drive the healthcare industry to transform in the next decade. To date, they have helped 90 companies, three of which have been acquired by large companies such as WebMD and Intel.
Strokers said: "By helping entrepreneurs, we believe that we can promote the transformation of the healthcare industry." Entrepreneurs in the healthcare industry have different needs than entrepreneurs in other fields. They face unique challenges. There are laws, regulations and conservative stakeholders in this industry. They have been ruling the industry for a long time, and if you want to change the status quo, you need to fight with the system. For healthcare startups, there are more challenges to overcome in order to succeed.
Under this megatrend, Klein and Stolkes provided several opinions for entrepreneurs who wanted to succeed. Some may seem like a cliché, but if you look carefully, you will find that the truth is like this.
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