Nine Steps in the Entrepreneurial Journey for Academic Radiologists

Srini Tridandapani; Andrew Smith; Pamela Bhatti

doi:10.1016/j.acra.2023.12.041

Nine Steps in the Entrepreneurial Journey for Academic Radiologists

Acad Radiol. 2024 Feb;31(2):431-437. doi: 10.1016/j.acra.2023.12.041.

Authors

Srini Tridandapani¹, Andrew Smith², Pamela Bhatti³

Affiliations

¹ Department of Radiology, University of Alabama, Birmingham, Alabama, USA (S.T., A.S.); School of Electrical and Computer Engineering, Georgia Institute of Technology, Atlanta, Georgia, USA (P.B., S.T.). Electronic address: stridandapani@uabmc.edu.
² Department of Radiology, University of Alabama, Birmingham, Alabama, USA (S.T., A.S.).
³ School of Electrical and Computer Engineering, Georgia Institute of Technology, Atlanta, Georgia, USA (P.B., S.T.).

PMID: 38401989
DOI: 10.1016/j.acra.2023.12.041

Abstract

In this article, we explore the nine steps that we have found to be critical for success in our journeys in taking ideas in imaging to commercial products. These nine steps include 1) findings ideas that resonate, 2) protecting your intellectual property, 3) developing a great team that shares in the vision for the product, 4) building a low-fidelity prototype, 5) customer discovery to test your business hypothesis, 6) forming a company, 7) serving on a study section as a prelude to 8) seeking non-dilutive funding, and finally, 9) angel/venture funding.

MeSH terms

Commerce
Entrepreneurship*
Radiology* / economics