Stories about: venture capital

At this pediatric ‘shark tank,’ the children win

Part of a continuing series of videotaped sessions at Boston Children’s Hospital’s recent Global Pediatric Innovation Summit + Awards 2014.

It was an ABC “Shark Tank” lover’s dream: At this pediatric Innovation Tank moderated by Daymond John, venture capitalists and clinicians fielded pitches from innovators looking to advance their care solution before a packed audience. The contenders:

  • A soft sleeve and wrap to keep catheter central lines in place, created by a parent
  • A handheld device that cleanses central line hubs, freeing up clinicians’ time
  • A mobile weight-loss program for kids and teenagers, designed to teach healthy habits

We won’t disclose the results–you’ll just have to watch the proceedings–but as emcee Bruce Zetter, PhD, of Boston Children’s put it, “The children win.”

Stay tuned as we post more sessions from the Pediatric Innovation Summit (also available on YouTube) and read our blog coverage.

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Attracting venture capitalists: 6 tips to get ready for the shark tank

metaphor for investors "shark tank"If you’ve ever watched Shark Tank, you’ve gotten a taste of venture capitalists’ (VC) innate skepticism and hard-nosed ability to triage ideas. A recent webinar hosted by Cambridge Healthtech Associates offered a good practical “101” for scientists, inventors and clinical innovators—which we’ve distilled into the six tips below.

1.  Find the pain.

VCs will want to know what “pain points” you are solving—the burning need or unpleasant thing a customer wants to avoid or fix right now. In health care, this could be the need for a more definitive diagnostic test or a cost-saving option, or, for the pharmaceutical industry, the need to reduce R&D costs by finding a better way to pick compounds to take to clinical trial.

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