Why We Need a Federal Life Science Startup Package
When we look at Silicon Valley, it’s clear that new technology receives continuous support from many different directions to push it forward. Speed to market, significant funding sources and the public markets all contribute to innovation in technology. There’s also a pervasive sens of optimism, that the next big thing is right around the corner.
In life sciences, that same support does not exist. Instead of a forward push, life science experiences a constant pushback.
Venture capital money is difficult to find. There are slow lead times in getting new products to market. These factors and more clog the pipeline to bring new treatments to market, and public policy must find a way to create the tenuous balance between safety, innovation and scientific rigor.
Government can join with entrepreneurs to foster life science innovation through the creation of a Federal Life Science Startup Package.
Additional Supporting Materials
- How can the government accelerate the process to help patients with significant unmet medical needs?
- How can the government spur innovation and enable quicker life cycles for greater number of products?
- Why is governmental mentorship and involvement essential to life science startups?
- Why will market pressure alone not incentivize innovation in the life sciences?
- What would be the components of a Federal Life Science Startup Package designed to spur tremendous growth in innovation and jobs in the life sciences?
Amy Millman Springboard Enterprises
Show me another