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Today: May 12, 2024
January 7, 2024
1 min read

Opportunities for Clinicians: Exploring the Thriving Startup Scene

TLDR:

  • A group called Clinicians who VC is offering opportunities for clinicians in the startup and venture capital ecosystem.
  • Several venture capital firms in Upstate New York are actively investing in startups in the region.
  • Despite a downshift in the venture market, healthcare and MedTech startups are experiencing growth.
  • The formation of groups like Clinicians who VC and the interest in healthcare startups provide new opportunities for clinicians to engage in the venture ecosystem.

A new group called Clinicians who VC has emerged, providing opportunities for clinicians who have an interest in the startup and venture capital ecosystem. The initiative has received an overwhelming response, and two clinician technologists have already been selected as interns at a venture capital firm called the Vive Collective. The group is actively extending venture opportunities, encouraging clinicians to take on roles at the fund on either a short-term or permanent basis.

According to BizJournals, there are several venture capital firms and funds that are actively investing in startups in the Upstate New York region. These firms vary in focus, with some like Impact Capital focusing on Series A investments, while others like Far Out Ventures focus on business-to-business software companies. The Rich Products Corp venture fund focuses on food and food tech startups, while Bold Ventures invests in companies trying to solve significant global problems. Other firms, like St Bona Venture Fund I and Egret, provide investment opportunities for early-stage companies in the medical devices sector.

Despite a downward trend in the venture market in 2023, there are still sectors that are experiencing growth. A report from CB Insights shows that while dealmaking and funding totals hit a 6-year low, sectors such as AI and sustainability-focused startups remain resilient. Mega funding rounds, however, experienced a decline, impacting the venture system.

The healthcare startup ecosystem is also witnessing significant growth. Atlanta, for example, is becoming a hotspot for healthcare and MedTech startups. The city is home to the CDC, two medical schools, top-ranked biomedical engineering programs, and a number of venture-backed healthcare-related startups. Large healthcare organizations are also investing in local healthcare innovation, indicating a positive trend for healthcare startups.

In conclusion, the formation of groups like Clinicians who VC and the growing interest in healthcare startups provide new opportunities for clinicians to engage in the venture ecosystem. Despite the overall downshift in the venture market, there are still areas of resilience and growth, particularly in healthcare and MedTech. Clinicians interested in this space are encouraged to explore these opportunities and contribute their unique perspectives and expertise.

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