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We’re going to test this hypothesis by teaching a Lean LaunchPad class for Life Sciences and Health Care (therapeutics, diagnostics, devices and digital health) this October at UCSF with a team of veteran venture capitalists. The teams that took the Lean Launchpad class – get ready for this – had a 60% success rate.
I leaned on a number of people for their advice to come up with what I describe in more detail below. – Consider a separate loan program for very small businesses (fewer than 10 or 20 employees) that’s based on a revenue formula and so long as they use the funds for current expenses (i.e., Expand the Existing SBIR Programs.
It’s close to de-facto adopting a Lean decision-making process and rapid clearances for things that minimally affect health. However, if the Apple Watch becomes a device eligible for reimbursement , there’s a huge revenue upside for Apple. Much like the NIH SBIR program.) Today consumers pay directly for the Watch.
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