Remove Business Model Remove Cost Remove Product Remove SBIR
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Grant Applications Often Provide Early-Stage Funding

Startup Professionals Musings

This process costs money, which professional investors are not willing to contribute, since their interest is in scaling a proven product and business model into a growth business. Specifically, I often point to the NSF or the Small Business Innovation Research (SBIR) program for high-tech startups.

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Reinventing Life Science Startups – Evidence-based Entrepreneurship

Steve Blank

What if we could increase productivity and stave the capital flight by helping Life Sciences startups build their companies more efficiently? Quite a few of the teams were building biotech, devices or digital health products. But pivoting early, before you raise and spend millions or tens of millions means potential disaster avoided.

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How to Build a Healthcare Startup

Up and Running

For example, having flexible work hours means you can hire talented candidates from different time zones, which will increase your productivity while keeping the costs down. Your health startup business plan should be a tool to guide your growth. At first, you need to focus on developing your business model and validating it.

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Office of Naval Research (ONR) Goes Lean

Steve Blank

He wanted to build an innovation pipeline that would allow the Navy to: Create “dual-use” products (build solutions that could be used for the military but also sold commercially, and attract venture capital investments.) Dual-use” products reduce the cost for defense adoption of products.

Lean 242
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I-Corps at the NIH: Evidence-based Translational Medicine

Steve Blank

With that SBIR-Phase 1 funding the teams were trying to establish the technical merit, feasibility, and commercial potential of their technology. We’ve learned that information from 100 customers is just at the edge of having sufficient data to validate/invalidate a company’s business model hypotheses. See slides 17-23.

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The Apple Watch – Tipping Point Time for Healthcare

Steve Blank

But the Apple Watch 4 announcement intrigued me in a way no other product has since the original IPhone. This wasn’t just another product announcement from Apple. But as impressive as its technology is, the Apple’s smartwatch has been a product looking for a solution. I don’t own an Apple Watch. I do have a Fitbit. In the U.S.

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