Making the Most out of the First Money In
For the last decade, there has been a conservative shift in how much investors and industry are willing to gamble on a novel medical technology. While risk-adverse approaches have potentially discouraged investors on a national level, Cleveland Clinic Innovations has seen virtually no impact on the flow of ideas that are disclosed from our caregivers on the front lines of healthcare delivery. This has led to the question, what do we do with a portfolio of promising early ideas if the market isn’t ready to invest in them? In our case, the answer is simple: We build them.