Driven by budget pressures, an ageing population and the emergence of a new technophilic generation, demand for innovation in healthcare has never been higher. However, Chloe Moss, analyst at Health Enterprise East, warns that, while opportunities undoubtedly exist for the scientist or clinician-turned entrepreneur, many sadly fail to bring their technologies to life.
Innovation requires new ideas, methods, technologies and thinking, many of which are abundant and organically produced as a biproduct of rigorous academic research. Yet making the leap from academia to industry is fraught with pitfalls, which are best tackled with the right team and supporters on board.
The process of translating ideas from academia to industry underpins successful innovation, but it is vital that academic entrepreneurs understand how to best navigate this journey.
Developing a commercial mindset
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