NHS Clinical Entrepreneur Programme’s Post

Insides from last week attendance at the NHS Clinical Entrepreneur Big Pitch. Key highlights include 550 startups founded through the program, a workforce development initiative, 1000 innovators, and a community hub for support. The panel discussions revealed inspiring stories of entrepreneurs addressing homelessness and the challenges of disruptive innovation in healthcare. 1️⃣ The first panel of the NHS Clinical Entrepreneur shed light on how the program benefits individuals affected by homelessness crises. Participants from charitable organisations actively engage in the program, offering life-changing opportunities by providing funding for homeless individuals to establish their own businesses. The emphasis on patient entrepreneurs, representing the largest program of its kind globally, underscores the value of involving patients in public initiatives. The discussion delved into personal experiences shaping entrepreneurial journeys, such as the realisation that nutrition medicine receives insufficient attention in medical education, prompting one individual to develop a health-focused app. Another entrepreneur drew inspiration from her son's early diagnosis of sickle cell disease, highlighting the need for improved data tracking and health information dissemination, leading to the creation of a rewarding system for individuals facing similar challenges. The panel emphasised the significance of patient-driven innovation and the ongoing need for such impactful programs. 2️⃣ In Panel 2, the innovation dilemma is explored, highlighting disruptive innovation and the challenges faced by large companies in adapting to the evolving business landscape. The focus shifts to healthcare, where startups address the issue of millions waiting for medical appointments. The proposed solution involves a platform analysing factors leading to missed appointments, offering personalised communication and transport solutions. Additionally, hardware and software solutions bring ENT services to patients in diverse settings, including care homes and community pharmacies. The emphasis on long-term conditions management involves integrating technology and care delivery, utilising patient records for virtual reviews and prescription services. The success of entrepreneurial ideas is attributed to a deep focus on patients and practical solutions within existing infrastructure. Overcoming challenges in healthcare innovation involves navigating policy constraints and scaling ideas with evidence. The narrative underscores the importance of perseverance and adaptability, especially in the complex healthcare environment. #NHS #Entrepreneurship #Innovation #Thebigpitch #LarkspurInternational ✨

AUSCEP 2024 - Cohort3. Frequently Asked Questions: Who can apply? Any AHPRA registered clinician (public or private provider), as well as NASRHP registered professionals that hold national peak body membership and are credentialed by a health service/network. How advanced must my concept be? You must have an innovative idea/product/service that is at any stage of development. This means that you must at least have an idea to solve a problem but you don't have to have a full prototype yet. What about company age? In NSW you can apply at any stage from those who don't have a company to a company older than 5 years. In Victoria we are recruiting: Startup Entrepreneurs - individuals who have an idea for a technology-based startup, but don't have a company yet. Startup Founder - individuals who have established a Startup (via an ABN) within the last 12 months prior to applying to AUSCEP. How do I get more information? AUSCEP.au or email contact@auscep.com.au When is the deadline for applications? 5pm (AEST) Friday 4th October 2024 MTPConnect, Australian Society for Medical Entrepreneurship & Innovation (ASME),

Alberta healthcare & healthtech entrepreneurs, start-ups & established companies: The Trade Commissioner Service | Service des délégués commerciaux in Miami & San Francisco have partnered with the Mayo Clinic Innovation Exchange in Jacksonville, Florida to offer an opportunity to participate in a virtual program from October 2024 to March 2025. The program provides a powerful way to connect with health care entrepreneurs, start-ups, Mayo Clinic thought leaders & industry experts, who all have the shared mission of bringing breakthrough innovations to market in order to benefit patients. The platform is flexible & support is personalized to reflect your own needs. ⏰ The application period ends on September 4, 2024 at 4 PM ET. ⏰ Preferred focus areas (but not limited to) - Advanced Care at Home-enabling tools: such as remote monitoring, etc. - All areas of Transplantation. - All areas of Oncology. Program highlights: - Virtual programmed services & events, tailored to the needs of Canadian entrepreneurs in all phases of commercialization. - Strategic connections to relevant Mayo Clinic physicians, researchers and/or scientists. - Access to premium business advisors & educational resources. - Opportunities for mentorship matching. - Introductions to funding: angel investors, venture capital firms & other sources. Please email your interest to Ximena Pauvif-Machado & Iraina Miles no later than September 4, 2024 at 4 PM ET. The email should include the following information: - Company name - Your name, title & email address - Your company’s area/segment of healthcare - Website - Number of years in business - Full address & phone - Brief description of your company (maximum of two paragraphs) - Who referred you or how you heard of this program Companies will be notified by mid to end of September if they have been selected. ➡ Questions? Please contact Trade Commissioner Ximena Pauvif-Machado (she/her/elle) at ximena.pauvif-machado@international.gc.ca. #albertahealth #albertahealthcare #albertabusiness #albertastartups

Great post! In summary: Don't give up hope of selling to the NHS, but tell founders to: 1️⃣ Prepare for the long run. 2️⃣ Prioritise developing evidence for your solutions. 3️⃣ Develop great assets that communicate your product's value proposition. Thanks Dr. Zhong Wei Khor!

"Is there a fast way to sell to the NHS as an early stage HealthTech Startup?" A founder asked me this sincerely yesterday. 𝐓𝐡𝐞 𝐬𝐡𝐨𝐫𝐭 𝐚𝐧𝐬𝐰𝐞𝐫: Generally No. Let us review the position of this founders startup: 1. First version of MVP ready. 2. Compliance almost done (DTAC). 3. No current evidence yet (Pilot in 2-3 months hopefully). 4. Looking to sell to primary care/ generate leads ASAP. Which to be fair, is where many founders find themselves. ______________________________ There are 4 main factors why I say no. 1. 𝐓𝐡𝐞 𝐍𝐇𝐒 𝐢𝐬 𝐡𝐢𝐠𝐡𝐥𝐲 𝐝𝐢𝐯𝐞𝐫𝐬𝐞 𝐚𝐧𝐝 𝐟𝐫𝐚𝐠𝐦𝐞𝐧𝐭𝐞𝐝. - There isn't a single unified way to reach out to all 1250 Primary Care Networks (PCN) and the 42 integrated care boards in the UK. - If selling to GP clinics, there are 6311 clinics that you will have to approach one by one if not going through the ICB and PCN level. 2. 𝐓𝐡𝐞 𝐍𝐇𝐒 𝐢𝐬 𝐥𝐞𝐬𝐬 𝐤𝐞𝐞𝐧 𝐨𝐧 𝐬𝐦𝐚𝐥𝐥 𝐮𝐧𝐩𝐫𝐨𝐯𝐞𝐧 𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 (𝐞𝐬𝐩𝐞𝐜𝐢𝐚𝐥𝐥𝐲 𝐚𝐭 𝐭𝐡𝐞 𝐈𝐂𝐁 𝐥𝐞𝐯𝐞𝐥) - First off, the NHS is cash strapped. Meaning it will need significant proof to justify buying any new solutions. - A lot of software solutions are often bought in bulk (EHRs, Video Communication) at the ICB level and distributed. - But those often are from established companies with substantial experience and evidence. (Note, evidence in this case does not mean just published clinical studies in peer reviewed journals. But real world case applications) 3. 𝐓𝐡𝐞 𝐬𝐚𝐥𝐞𝐬 𝐜𝐲𝐜𝐥𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐍𝐇𝐒 𝐢𝐬 𝐫𝐞𝐚𝐥𝐥𝐲 𝐥𝐨𝐧𝐠. - Even if a procurement decision is agreed upon at the board level, it still takes a while for procurement to complete. - The shared experience points towards a sales cycle of approx 6-12 months at the higher levels. 4. 𝐄𝐯𝐞𝐧 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐢𝐯𝐞 𝐬𝐲𝐬𝐭𝐞𝐦𝐬 𝐭𝐚𝐤𝐞 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐬𝐡𝐨𝐰 𝐢𝐭𝐬 𝐛𝐞𝐧𝐞𝐟𝐢𝐭. - Established channels for HealthTech companies to scale such as the NHS Innovation Accelerator takes time for its benefits to be shown. - Joining national procurement frameworks like the G-cloud or Dynamic Purchasing Systems takes time and vetting as well. (Same for applying for any tender) _________________________________ Does this mean one should abandon all hope selling to the NHS? Certainly not. But it does tell founders to: 1. Prepare for the long run. 2. Prioritise developing evidence for your solutions. 3. Develop great assets that communicate your product's value proposition. Lead generation follows a great product with a track record. Overnight successes rarely happen overnight. To those in my network that have been there and done that, 🙏 What advice can you give? Grace Gimson | Raj Kohli | Alexandra Eavis | Patrick Harding | Liam Cahill

🚀 Queensland Biomedical Business Attraction Program Now Open for Applications! Exciting opportunity for QLD biomedical businesses! The Queensland Biomedical Business Attraction Program is now open. Key Details: • Funding Available: Up to $250,000 per project • Application Period: May 31, 2024 • Eligibility: QLD biomedical businesses meeting specific criteria Priority Areas: • Foster growth in the biomedical sector • Facilitate partnerships between local and interstate/international businesses Don't miss out on this chance to boost your biomedical business! Contact me if you need help applying. #GrantOpportunity #FundingAvailable #ApplyNow #Biomedical #Queensland #AustralianBusiness #Innovation #MedTech #Healthcare #BusinessGrowth #ResearchFunding #Entrepreneurship #StartupAustralia #QLDInnovation #GrantsForBusiness #TechStartups #Biotech #HealthTech #LifeSciences #QueenslandBusiness #BusinessDevelopment #RegionalDevelopment #AustralianFunding #InvestmentOpportunity

📢 NEW Case study: REDI Partner - The George Institute for Global Health Australia's medical products sector is experiencing a notable shortage of 'serial entrepreneurs' – individuals who have navigated the journey of #innovation, potentially faced setbacks, adapted their strategies and ultimately achieved success in bringing their ideas to market. The fundamental issue lies in the insufficient number of #entrepreneurs capable of assuming calculated risks and driving innovation within the market. Recognising this gap, our REDI initiative supported The George Institute for Global Health and UNSW, to deliver the Health 10x Accelerator – an intensive program that supports #startups to develop #affordable and #scalable #solutions to some of the world’s most pressing unmet #medical #needs. Health 10x is open to early-stage startups, #researchers, #students, #clinicians and #healthinnovators across #Australia. Read out more about this #successful REDI initiative and how it is helping to change people's health and lives by supporting #AUS start-ups. Hon. Jaala Pulford | Stuart Dignam | Jarrod Belcher GAICD | Duncan Macinnis | Dr Parisa Glass | Cydonie Greenaway | Dina Titkova | Dr Matthew A. Brodie | Sivakami Valliappan | Ashwin Jeyakar Dhanasekaran PhD |

My self Ayush KishoreKumar Rana founder of NEUROXA Mediproducts Pvt Ltd. Welcome to NEUROXA At NEUROXA, innovation meets healthcare excellence. We specialize in the development and distribution of cutting-edge medical products designed to improve patient outcomes and enhance the quality of care. From advanced wound dressings to innovative UTI diagnostic kits, our offerings are built on the latest research and technological advancements. As a company founded by innovators, we pride ourselves on our commitment to creating groundbreaking healthcare solutions. Our team continuously strives to push the boundaries of what's possible, developing products that not only meet the needs of today’s healthcare providers but also anticipate the challenges of tomorrow. Explore our range of innovative products and discover how NEUROXA is shaping the future of healthcare, one solution at a time. #startup #business #entrepreneur #entrepreneurship #marketing #smallbusiness #success #motivation #businessowner #digitalmarketing #money #entrepreneurlife #branding #inspiration #startups #startuplife #startupbusiness #innovation #instagram #technology #hustle #design #love #mindset #instagood #lifestyle #entrepreneurs #goals #tech #bhfyp

🚀 ORANGE HEALTH Secures $12 Million in Funding to Revolutionize Diagnostics ORANGE HEALTH, a healthcare and diagnostics startup founded by Tarun Bhambra & Dhruv Gupta, has raised $12 million in a funding round led by Amazon Smbhav Venture Fund. Other investors include Accel, General Catalyst, Bertelsmann Investments, and Y Combinator China. This brings their total funding to $47 million, which will be used to enhance product offerings and expand their team. Industry Overview: The diagnostics sector in India is rapidly evolving, with increasing demand for accessible healthcare services. ORANGE HEALTH taps into this growth by providing on-demand, at-home sample collection for diagnostics, currently serving major cities like Bengaluru, Delhi, and Gurugram. The startup has already impacted over 1 million homes, operating six labs and partnering with over 1,000 clinics. Unique Proposition: Founded by Dhruv Gupta and Tarun Bhambra in December 2020, ORANGE HEALTH stands out for its customer-centric approach—offering on-demand diagnostic services with a seamless experience. The company has achieved profitability in Bengaluru and is on a 100% growth trajectory, catering to urban customers looking for convenience and reliability in healthcare. Key Takeaways for Entrepreneurs: 1. Solve real customer pain points: Focus on addressing genuine market needs. 2. Leverage technology for scalability: Build systems that support rapid growth without compromising quality. 3. Build strong partnerships: Strategic collaborations can expand your reach and enhance service delivery. 4. Adapt and innovate: Keep evolving to stay ahead of market trends. 5. Sustain growth with solid foundations: Focus on profitability and long-term strategy before expansion. Follow Maharshi Ganatra for Business, Investment and Finance tips.

Founders who are staring from scratches without any family history and seed funding need self awareness during market validation i.e validation for proof of concept. Exploration is the key. Are you ready for growth phase? Did you make break even with a smaller version? Do you have future plan to make it bigger? Under one umbrella, we are validating different ideas within health services delivery space and executing stepwise. Don't be distracted by internet marketing. Oh!! How did they get seed funding of millions dollar with an app? They are not making any revenues but raising millions dollars. OMG!! system is broken!! No, system is fine. Focus on yourself. What do you have as resources? And what can you do with the limited resources? Think, plan, and Execute in a smaller version. Neucrad Health Hub is focused to make an alternative cost effective option for telemedicine services across India. We are validating it. It needs more time. We have one pharmacy, one pathlab, one dental & optical clinic. How to make it bigger? We can develop a central diagnostic center for pathological services. We will build it at Kolkata in upcoming years. We are bringing online Lenszon for extention of our optical store. We are validating home delivery of medical supplies locally through Neucrad pharmacy. We can provide that service through NC Health Hub app covering a metropolitan city like Kolkata. Until you have the secret sauce in making sustainable revenue with validated plan, it is not wise to talk with VC investors. Simply, VC investors don't care until you have a history of making very successful startup or backed by influentials. You can ask your friends to help you with some rewards. We are bootstrapping but we are being supported financially by my friends and made significant progress. We are launching home care services at Kolkata with collaboration with a renowned nursing home at Kolkata. Think big but move stepwise. Build your personal brand. Take your decisions on strategies. Biswarup Ghosh, PhD, Co-Founder at Neucrad Health Hub India LLP, W.B, India