Startups are a very important part of recovering or even a booming economy. Nowhere is this idea more felt than in the healthcare sector. Healthcare startups are making huge strides in the business world and Ara Chackerian, Managing Partner of ASC Capital Holdings, LLC is seeing to this. He understands that new players in the industry, are the main people who drive innovation and economic growth. Despite all this, many investors in VC are hesitant to invest in healthcare companies. Even though many startups in the healthcare industry create value, they may not result in a merger, acquisition, or an IPO, therefore VCs are concerned about them.
Healthcare Tech is Important
Ara Chackerian is fashioning himself as a early adopter of many medical technologies. he believed that Healthcare Innovations like AI and robotics, would be next big things in the medical technology industry. He has focused on a particular technology known as transcranial magnetic stimulation. He sold Technologies to investors with the idea that these types of innovations would aid in streamlining and sustaining the healthcare sector. It was because of this idea that Technologies like digital record-keeping and advanced diagnostics were presented to the hospitals, clinics, and other healthcare related consumers. You can visit his about.me page.
Test in New York
New York is an especially active innovation location because in 2017, 703 million dollars was raised by 79 new startups. New York has many characteristics that allow the growth of startup companies including access to capital, access to universities, and government support. However this does not guarantee that a start up will be successful. According to Imran Babar, vice president of OrbiMed, many healthcare companies often struggle at first and lose money, which makes it difficult for them to prove a positive cash flow that looks good to investors and venture capitalists. There are also problems with oversaturation that will cause there to be fewer startups in the upcoming years. Despite this, Ara Chackerian and other entrepreneurs see a positive outlook due to a growing need for personalized healthcare services. Data and record-keeping needs will be an ever present issue, one that Chackerian hopes to solve with his companies.