hampr’s Post

🔍 Reflecting on Project Ronin: Insights into HealthTech Challenges and the Pursuit of Product-Market Fit 🔍 Last week, news of Project Ronin's closure, a notable cancer-related software startup co-founded by Larry Ellison, reverberated through the industry. This event prompts us to delve deeper into the nuances of HealthTech and the formidable obstacles startups encounter in this space. 💡 The Vision: In 2018, Project Ronin embarked on a mission to revolutionize cancer care, driven by the ambition to streamline oncologists' access to vital patient data. Securing a significant $10 million in funding the same year, they set out to make a difference. Their tailored app, complete with custom surveys, aimed to equip oncologists with holistic insights into patient symptoms, earning acclaim from patients and doctors alike. 🛑 Unveiling the Challenges: While the specifics of Project Ronin's closure remain shrouded, insights from a Bloomberg article hint at underlying hurdles. The startup grappled with the daunting task of acquiring paying customers and faced financial constraints, ultimately leading to the decision to cease operations. 🔍 Deciphering the Puzzle: The parallel with Astarte Medical's fate underscores a recurring theme in HealthTech—the struggle to achieve product-market fit. Despite offering solutions with clear benefits for hospitals and patients, both startups encountered resistance in gaining traction within healthcare institutions. ⚖️ Pursuing Product-Market Fit: Project Ronin's journey underscores the critical importance of idea validation and market viability confirmation. While both startups meticulously crafted solutions to address industry challenges, the absence of willingness-to-pay metrics posed a significant barrier. 🔑 Key Insights: 1. Cultivating Innovation: Selling to hospitals in sectors like HealthTech demands navigating intricate sales cycles, highlighting the need for innovative incentive structures. 2. Validation Strategies: The road to product-market fit requires rigorous validation, with pre-sales serving as a potent indicator of market demand. 3. MVP Development: Building minimum viable products (MVPs) empowers startups to gauge market interest and identify potential pitfalls before committing to full-scale development. As we bid farewell to Project Ronin, let us glean valuable insights from their journey. May their experience serve as a guiding light for future HealthTech innovators, steering them toward sustainable growth and impactful solutions! #HealthTech #StartupClosure #ProductMarketFit #InnovationInsights SimpleClosure

🎉 We are so proud to announce that we have been selected from hundreds of companies by EU to participate in the #EUeic USA Soft - Landing Program for Health and Life Sciences, scheduled from May 19 to 24, 2024, in Silicon Valley. This program is designed to support high-potential European startups in accessing the US markets and investor networks. Find our more in our press release 🙌 #braininjury #medtech #strokediagnosis #medtechinnovation #EUeic

Srotas Health is among Europe's top 100 early-stage Deep Tech startups for Deep Tech Momentum 2024! Join me and Vikram in Berlin this May 14-16th to explore the future of health tech innovation. #deeptechmomentum2024 #healthtech #ai #clinicaltrials 🚀

🚀 Don't miss out on tomorrow's webinar about navigating life science entrepreneurship as an international student founder! 🌍 We'll discuss opportunities through global entrepreneurship in residence programs, visa laws, and more. I encourage aspiring international founders, accelerators, and incubators to join us. #Entrepreneurship #LifeScience #InternationalFounders #Webinar

Great news for the ATL tech scene: Goodie Nation is bringing back the State of the Atlanta Black Tech Ecosystem Summit, happening on the 11th of January at The Gathering Spot. After hitting pause on this summit over COVID-19, the time is right to restart the conversation, especially with the pivotal role tech plays for students, companies, and startups. We need to evaluate where we stand today to then decide our way forward. Space is tight, so RSVP https://lnkd.in/grbbG6YJ #RelationshipsMatter

🎉 Celebrating the latest Health Tech Founder Institute graduates! After four intense months of business-building sprints, continuous evaluation, and valuable feedback from investors and mentors, several remarkable companies are ready to graduate and make their mark. Here are the startups that have successfully completed the program: 🚀 Rx Studio™ 🚀 Noxware 🚀 MNDYRR Technologies, Inc. 🚀 Bellybaloo 🚀 TomoWave Laboratories, Inc. 🚀 HCB Engineering 🚀 Pelakii, Inc. 👏 None of this would have been possible without the FI Health Tech team. 🔗 Learn more about the graduating startups here: https://fndri.com/3tsdWdS

67% find that DTU Science Park contributes positively to their development That makes us proud and emphasizes why gathering deep tech companies, researchers, entrepreneurs, mentors, and investors in one place provides unique opportunities! Among other things, we help the companies in the science park by offering: ➡️ Tailored and ambitious mentor programs. ➡️ Specialized startup programs focusing on MedTech, Dual-Use, Hardware, Urban solutions, and GreenTech solutions. ➡️ A world-class and committed community of like-minded deep tech companies, often leading to new collaborations among the companies. We also support the companies by facilitating contact with our network of corporate partners, investors, and universities. These are just some of the offerings we give companies in our deep tech community. Explore more here: https://lnkd.in/dq5sEkMa

FEU Tech Innovation Center in the news! Read this article to know more how the FEU Tech Innovation Center goes beyond the conventional classrooms and how we inspire and support the next generation of changemakers who can shape the future of the Philippine startup ecosystem. https://lnkd.in/gmD6tJfp #TechnologyDrivenByInnovation #TheSchoolOfInnovation

FEU Tech Innovation Center in the news! Read this article to know more how the FEU Tech Innovation Center goes beyond the conventional classrooms and how we inspire and support the next generation of changemakers who can shape the future of the Philippine startup ecosystem. https://lnkd.in/gM-8A24i #TechnologyDrivenByInnovation #TheSchoolOfInnovation

MedTech Growth is ready to welcome 13 medtech startups in August. 🚀   Finally, the last six months of hard work are starting! This program is unique ✨. We have integrated and condensed the best practices from all of our programs into this program. For the last six months, we have been working to guarantee experts, partners, and investors who can help medtech startups reach new and international heights.   The startups in MedTech Growth will receive:  🌟Regulatory guidance from renowned regulatory experts 🌍International exposure through our alliance, DeepTech Alliance 💡More than 18 hours of individual coaching on their product and regulatory strategy 🛠️workshops focusing on intended use, QMS, and market access.    We can't wait to welcome the 13 startups into our new program. The journey will be like nothing you have ever experienced! 🚀   Enjoy the summer, but stay tuned and follow along; more excitement will come on this channel! MedTech Growth is run by DTU Science Park and supported by Industriens Fond