Assessing the value of an innovative startup in healthcare: updated scorecard

Our departure point is that in healthcare the products/services will have to survive in a unique ecosystem with unique challenges and unique opportunities. Excellent outline of some of these challenges and opportunities can be found in this Harvard Business Review article by Clayton Christensen, Richard Bohmer, and John Kenagy.

Therefore, while the basic principles for startups, customers and investors apply (and here’s a fresh example), there are additional considerations that are very important for healthcare startups.

With that in mind, our objective is to create a simple, straightforward scorecard specific to the healthcare sector that would allow a potential customer or investor to quickly evaluate a startup along the criteria that matter to such customer or investor.

Read more @ HealthStartup.eu

Develop a simple, straightforward indication of the impact and viability of innovation in healthcare

As we are preparing our first HealthStartup event on October 5, we receive quite a lot of questions on how we plan to evaluate the participating projects – and how we plan to measure the output of the event.

Our goal is to develop a tool that would give buyers of the startups’ services – as well as potential investors – a simple, straightforward indication of the project’s impact and viability. It should also be useful as a guideline for the startups themselves in evaluating potential markets, raising funds, and communicating with various target audiences.

With that in mind, we’ve started developing a “project scorecard” which will include three aspects of an innovation and produce an overall score indicating the viability of a project.

The scoring on a simple numeric scale (1-4) will be carried out by participants during the event; scores would be tabulated and communicated after the event.

Attached is our initial thinking on the parameters within the scorecard. We would very much appreciate your input, any additions (or reductions) to the list of the question, clarifications, etc.

 

So, please read through the article at HealthStartup and leave your comments!