Orthopedic Seed Funding in the City
This article was originally published in Start Up
In May 2005, a leading orthopedics hospital, two health-care focused venture capital firms, a real estate investment trust, and a local economic development group came together to form New York Orthopedic Technologies LLC, in order to fill a gap in seed stage investing in orthopedics. The consortium hopes to address several challenges unique to early stage value creation in medical technology: how to bring particular sets of resources to the entrepreneur or physician with a concept-clinical, financial, operational, and logistical; how to get the technology to the next milestone without creating a model that itself requires care and feeding; and how to create a structure that serves the divergent goals of all the participants.
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