Startup Outlook 2013- Healthcare Infographic
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Startup Outlook 2013- Healthcare Infographic

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Startup Outlook 2013- Healthcare Infographic Startup Outlook 2013- Healthcare Infographic Presentation Transcript

  • See all survey reports: svb.com/startup-outlook-report/ Methodology: The survey was completed between December 4 and 20, 2012 among a national sample of 758 executives of innovation companies withup to $100 million in annual revenues and 500 employees. Over 60% of respondents are President/CEO, 18% CFOs and 19% all other executive titles.Startup Outlook 2013HealthcareCoping with Regulatory ChangesIMPACT OF DEVICE TAXTOP 4:47%45%62%Say 2012conditions betterthan 20118%Say 2013promises to bebetter than 2012BUT78%Plan to hire this year80%Say finding skilledemployees is challengingHave women on founding team28%44%Have foreign-born on founding team ANDBUTPass cost to customersExpand overseas vsdomesticallyInvest less in R&DReduce staffing33%27%24%24%1.2.3.4.4321OPPORTUNITIESWere looking for “pharmaceuticalpartners with P&L room to partneron development expenses.”"Both investment and regulatoryenvironment need to harness thisopportunity to create next million jobs.”CHALLENGES“The Venture community is not fundingearly stage medical device companies.At any valuation.”“Were trying to balance customerdevelopment needs with capital funding.”“We must help future investors overcomesignificant concerns about the lengthyFDA approval process.”From biotech to medical devices, healthcare continues to deliver promising therapies despite dauntingregulatory hurdles. 78% of healthcare companies surveyed are hiring and are more likely than tech companiesto need non-technical employees in areas such as sales and marketing. The industry is promising for women,showing the highest percentage of women on founding teams.On the public policy front, med device executives are concerned about the implementation of the AffordableCare Act and the consequences of the new industry tax. Another common challenge is lack of access to capitalto allow them enough runway to get their products to market. Nevertheless, survey respondents are cautiouslyoptimistic about business conditions, with 47% describing current conditions as better than last year and 62%saying the future will be better.THINGS ARE LOOKING UP?HIRINGREVENUE AND PROFITSGeneraterevenueAreprofitable