Healthcare Innovation: Corporates Collaborate with Start-ups

When 5 Healthcare Experts representing 50% of the World population from East, West and ME come together, then the webinar becomes world class with a lot of wisdom for both Corporates and Start-ups .

Passion is the answer to the question what would you do if you had 1 billion USD? Moreover Passion should be linked to a Big Purpose that will have positive and sustainable impact to the community and the world. Entrepreneurship in the coming decades needs to focus on sustainable businesses.

So what are other key attributes that will enable passion for something to become reality?

In the 1950s - 1990s the Corporate labs were the main source of innovations. Since 1995 the Internet, the Exponential growth of Computing Power, Digitization, Bandwidth and lower Transaction costs as well as exponential decline in Storage costs enabled decentralization of innovation with the following impacts:

The technology world has experienced tremendous growth the last 70 years with various technological revolutions like: Semiconductors, PC, Internet, Mobile, Search, Cloud, 3D Printing, Biotechnology to name a few. In most cases the fundamental research has been funded from governments. After the research stage, companies used the research outcomes and developed products to test the market.

The past success of any established company is a key obstacle for change. Although established companies have more resources for innovation/new businesses than the start-ups, they fail to eliminate other obstacles like: mindset, organizational set-up and culture.