Not surprisingly, traditional software-as-a-service (SaaS) or app development companies are dramatically different when compared to a biotech or medical device startup. From goals to challenges to funding, the development and commercialization of bio and medical technologies requires a unique support structure in order to be successful, and these are the six ingredients that repeat across top-notch bio companies.
The closing social for MediCoventures’ Synapse Workshop was a resounding testimonial to the progress made by five medical entrepreneurs over the course of just 3 days. The participants raved about the tremendous support they received during the workshop in helping advance their startup aspirations. On paper, Synapse sounded much like a Startup Weekend - helping people derive a business model and product or prototype and ultimately launch a company. But here are the reasons why it accomplished much more than a typical Startup Weekend ever could.