DigitalHealth.London can help with access to the right funding streams based on an innovators stage of development and commercialization. Options for funding include: venture capitalists, angels, grant applications, charity funding, third party collaborations, crowd sourcing…
Pre-investment tips from Hak Salih
General: De-risk the investment
- Know your competitors
- Intellectual Property (IP)– do you own it/ do you licence it?
- What are return on investment (ROI) timelines like?
- Ensure you are SEIS/ EIS eligible
- Fund raise as early as possible
- Know the clinical pathway
- Have you addressed the 4Ps? Patient, Prescriber, Payer, Provider – have you evaluated each of their needs? Which will pay for it?
- Sell the problem you solve, not the product.
Related Case Studies
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- The NIHR commissions and funds NHS, social care and public health research to develop the evidence to support decision making by professionals, policy makers, patients and carers. They offer different funding for each step in the innovation pathway starting with basic research in a laboratory ... The NIHR funds many programmes addressing a wide range of health priorities. Funding is based on the quality and importance of the research to personal social services, public health and the NHS.
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- King's College LondonDepartment: Imaging Sciences and Biomedical Engineering Expertise in: Non-invasive visualization of physiological and patho-physiological processes using advanced cardiovascular imaging Keen to engage in: Academic and commercial partners, collaborati ... Non-invasive visualization of physiological and pathophysiological processes using advanced cardiovascular imaging
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