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From unmet clinical need to entrepreneurship: taking your informatics solution to market.

Author information

  • 1University of Pennsylvania School of Nursing, Philadelphia, PA, USA.
  • 2RightCare Solutions, Inc., Horsham, PA, USA.

Abstract

This paper will describe the process for taking a decision support solution to market as a start-up business. The nurse inventor and Co-Founder of RightCare Solutions, Inc. will share the steps from answering a clinical question, to registering an invention, creating a business plan and company, obtaining venture funding, and launching a commercial product. We will share positives about the experience such as how to get start-up funds, gaining national exposure and access to an excellent team, disseminating your work broadly, further enhancing the product, and obtaining equity, and financial rewards. We will discuss cons such as losing control, dilution of ownership, and conflict of interest. This paper will encourage nurse informaticians to think differently and learn about the steps in the process from an experienced team.

PMID:
24943561
[PubMed - indexed for MEDLINE]
PMCID:
PMC4435675
Free PMC Article
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