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Therefore, in MedTech, it is critical to evaluate the advisor's specialization, his applied experience and knowledge in a specific industry. On the topic: Elon Musk's Neuralink implanted the first neurochip into the human brain Regulatory The medical field has complex regulatory restrictions and requirements. Many treatment methods, drugs and technologies require special certificates and clinical trials.

That is why an investor needs to assess whether the founders uruguay telegram number database will be able to pass the regulatory process or not. In MedTech, this is as important a skill as team building, fundraising, and the ability to build sales. For example, one of the reasons for the failure of the above-mentioned CliniCloud startup was problems with certification of solutions.

The correct scale of values MedTech is always a double responsibility. In addition to the desire to make money, founders must think about the health of potential clients and never cross this line. Therefore, it is important to evaluate the level of awareness of the founders, their willingness to follow principles and not violate the rights of patients.

Remember that a team that deceives clients can also "lead" investors. Sometimes founders try to shut down a project that hasn’t met expectations, but their strategy causes discontent among the audience. This happened with the startup Scanadu, which developed a miniature device for tracking health indicators using a fingerprint.

In total, more than $1.6 million was invested in the solution. But soon the FDA (US Food and Drug Administration) banned the company from selling the product, which was at that time participating in research. In response to this, the founders apparently decided to simply turn off all the devices.

This caused indignation not only among users who paid $200 for the device, but also among investors who did not receive any compensation from the startup. To successfully invest in MedTech projects, it is important to answer not only the classic questions about the problem, solution and audience.

It is necessary to evaluate the composition of the founders, the level of the team's specialized expertise, the scale of competition, the presence of specialized investors and advisers, the scale of the founders' values, and whether the product is able to pass regulation or not.