Venture capital investment in medtech has declined over the past several years, placing medtech innovation at risk. This report examines strategies and solutions—gleaned from interviews and discussions with more than 20 medtech leaders—that could help reverse this trend.
Is medtech innovation at risk? Watch the video.
We have been tracking a worrying trend: Investment and startup activity in medtech has been declining, putting future innovation at risk. To get ahead of it, AdvaMed and Deloitte partnered to uncover strategies and solutions that could help turn the tide. We examined data, reviewed literature, and interviewed executives across the medtech innovation ecosystem.
The research showed that many startup companies are struggling to make it out of the “valley of death”—or the period between the initial investment and creation of a commercially-viable product. While large medtech companies depend on a thriving external innovation ecosystem for acquisition targets and new sources of growth, many shy away from investing in early-stage, unproven technologies.
Video pulled from original article.
Innovate UK is to invest up to £19 million to support innovation that offers significant changes in productivity, and cutting-edge innovation. This includes health and life sciences projects, and emerging and enabling technologies projects. There will be a further £12 million for Knowledge Transfer Networks, too.
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