artiman ventures - industry opportunities at the healthcare global market
DESCRIPTION
Artiman Ventures team member Dr. Ajit Singh, former CEO of Biolmagene shares his thoughts on the Industry opportunities at the healthcare global market. He describes how Artiman reviews the innovation and entrepreneurship with few examples of Portfolio companies that they have guided in this industry. Visit www.artiman.com for more informationTRANSCRIPT
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Industry Opportunities at the Healthcare Global Market
Ajit Singh, Ph.D.
ARTIMAN VENTURES
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two
vignettes
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1 innovation
2 entrepreneurship
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1 innovation
2 entrepreneurship
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lets take a short
journey
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through a place of immense
diversity
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a small
archipelago
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a rich
diversity of life
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on
land
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water in
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sky and
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where?
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why and
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where
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galapagos
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why
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coral reefs
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nature’s
innovation platform
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why?
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right
temperature
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good
mobility
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encouraged
diversity
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connections are made
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failures are discarded
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quickly
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that’s natures platform for
innovation
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what is man-made platform for
innovation
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silicon valley
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why is this difficult to replicate in
most cultures
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very
hierarchical
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cultures
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very poor
diversity of
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viewpoints
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very poor
listening
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skills
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1 innovation
2 entrepreneurship
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what is
disruptive innovation?
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a low-end ultrasound?
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a high-end stethoscope?
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These innovations were all disruptive for a the following: When they were introduced, their performance was initially much lower than that of the existing technologies… But, they were able to bring the cost down so dramatically that their adoption became inevitable… sometimes in an alternative market segment (to start with) Eventually, their performance caught on, and led to their mass dissemination.
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now, another type of
disruptive innovation
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These innovations were also disruptive, but for a different reason: They were able to “deconstruct” the existing value chain of a business… They were able to “dis-intermediate” the value chain of a business… They were able to “re-configure” the value chain with a different set of players. Their adoption was set off by some “tipping point”
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two trends tiggered by
disruptive innovation
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things you simply could not do at all before
things you can do at a significantly lower cost
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redefine standard of care
automate standard of care
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why do
incumbents fail at disruptive innovation?
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incumbents listen to customers…
give improved performance…
look for large markets… look for high margin businesses…
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incumbents fail for exactly this reason
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insurgents lack incumbents’ inhibitions
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insurgents be bold, be
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artiman white space investments
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attributes very large markets, often >> $10B
innovation at intersection of technologies
technologies from other domains intellectual property - rich, and long runway
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examples aditazz - construction industry prysm – super large display and tv guavus – big data analytics cellworks – drug design click diagnostics – infectious disease dx
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Airports High-rise Medical Facilities
Industrial Buildings Large Scale Hospitals Urban Development
Complex structures make up over 50% of the global construction market of $8 Trillion
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thank you www.artiman.com