The Life Sciences & Healthcare Practice of MaRS Advisory Services now works with over 200 companies in the health IT, medical devices and biotech/pharma sectors.
Our portfolio companies range from those in the “ideation” stage to those that are internationally scaling, but regardless of the stage at which they link up with MaRS, they all move through a (generally) defined developmental pathway. Last year, the Startup Genome Report developed an amazing tool to assess and map a startup’s development (which we have amended for life sciences and healthcare companies… talk to your advisor!).
With each stage of development – ideation, discovery (proof of concept), validation, creation and scaling – comes specified “homework”: the necessary business development tasks that take your business forward. Whether it’s developing your value proposition, business plan, market understanding, financials or investor pitch, companies can’t just jump from ideation straight to scaling. There’s work to be done in between!
There are a number of startups in our portfolio that are certainly seeing the fruits of their labour:
Clearly, “S” is the letter of the day!
To get to the investment-ready stage like the above companies, you need to do your homework—school is never out for a startup! MaRS can help. If you have any questions about working with us, get in touch!