Originally Published MX July/August 2001

Business Planning & Technology Development

Business incubators can provide medtech start-ups with strategic services essential to their growth.

S. Ramesh and Jenny Sakhrani

Medical technology companies are at the forefront of developing innovative products and services that improve not just the quality of healthcare, but of people's lives. But starting a medtech company based solely around a new idea isn't feasible—no matter how great the idea. Entrepreneurial scientists and researchers with bold visions shaped by breakthrough discoveries or technical wizardry often wind up as heads of failing medtech companies because they don't realize that the business development process can offer many difficult challenges.