The challenge of launching a successful med tech startup is particularly daunting, as they must navigate regulatory hurdles, clinical trials, capital intensity, and reimbursement issues.
Duke Rohlen's Ajax Health exemplifies a new model that can potentially change the landscape for medical technology startups, addressing traditional barriers to success.
Professor Regina Herzlinger emphasizes that innovation in healthcare not only requires novel ideas but also the business acumen to turn those ideas into viable products and services.
The failure rates of startups highlight the importance of developing strong support systems and innovative business models, which are crucial for med tech ventures.
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