MedCity News November 8, 2024
While startups in highly regulated industries like healthcare and finance are almost certain to face heightened scrutiny, there are controllable factors that can offset these challenges.
Innovation may be the engine of economic growth, but the journey from a groundbreaking idea to a thriving business that transforms industries and creates jobs is fraught with seemingly insurmountable obstacles. Building a sustainable business, let alone one you see on the cover of a magazine, will always be a Herculean task.
But the current startup economy – marked by peculiarity and uncertainty – is making the journey from innovation to impact even more daunting.
Funding sources have become scarce. The market is still in the midst of a post-Covid slump, and...