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How Do You Get Your Health Tech Idea Funded as a Doctor ?

How Do You Get Your Health Tech Idea Funded as a Doctor ?

FromDisrupting Doctors Careers


How Do You Get Your Health Tech Idea Funded as a Doctor ?

FromDisrupting Doctors Careers

ratings:
Length:
45 minutes
Released:
Mar 12, 2023
Format:
Podcast episode

Description

Being a doctor, being passionate, and having a great health tech idea isn’t enough to get funded. You need to define your identity, value, and uniqueness to fill your health tech skill gap and align everything with your dream.
 
In this episode of Disrupting Doctors Career podcast, Dr Harriet Treacy, a doctor, and co-founder of Beyond BMI, shares her journey and the challenges she faced especially going through the funding process as a doctor. She also expounds on how you can get your health tech idea funded as a doctor and gives insights from her experience as a co-founder, finding the right people to help, and what part failure played in her success. 
 
Listen in to learn more about the importance of knowing who you are, self-awareness, and separating your identity from your work. Understanding who you’re, the value you bring, and your uniqueness are key in changing or diversifying your career. 
 
 
What You Will Learn:

[04:22] Why Dr Treacy decided to combine health tech with entrepreneurship 
[07:35] What is value-based care and how it works in keeping people well
[11:33] Networking to build relationships without hidden agendas 
[13:00] Dr Treacy's experience in the US and how it inspired her startup 
[17:12] Understanding your skill gap and seeking the suitable extra qualifications
[20:50] Dr Treacy’s insight on the roles you can play as a cofounder 
[23:24] The process of getting your idea funded and how Dr Treacy did it 
[27:47] Where Dr Treacy feels that she went wrong in her market research for her product 
[33:21] Dr Treacy's insight on the process of raising funds as a doctor  
[36:13] Dr Treacy's function and roles as a co-founder 
[38:18] The value of knowing who you’re when changing or diversifying your career 
[43:45] How to reach out and connect with Treacy

 
Standout Quotes:

“People say yes when they are open-minded and when somebody has approached them proactively.” - Dr Treacy  [10:00]
 “Networking is about building relationships to create opportunities in the future, and it doesn’t have to be transactional.”- Dr Abeyna [10:55]
“Give yourself space for experimentation.”- Dr Treacy [20:51]
“Pain is an important word when it comes to start-up; people have to feel the pain to be willing to do something about it.”- Dr Treacy [29:44]

 
KEY TAKEAWAYS

Networking is about building relationships, to uncover opportunities and the future doesn’t have to be transactional
If you are looking at solving a problem make sure there is enough pain around it for people to want to do something about it
You have to demonstrate how you can add value and surround yourself with the right expertise
Funding is a business function and is integral because without sustainable finance you can’t move forward
Outsource non-income generating tasks so you can focus on bringing revenue into the business
Separating who you are from what you do, being a doctor, is pivotal in understanding what you have to offer

 
BEST MOMENTS
‘If you contact the right person they are open to it, they are looking to learn as much as you are’
‘Don't build something before you know if people want it’
‘People have to feel pain about something to want to do something about it’
 
RESOURCES FOR THIS EPISODE
Linkedin Dr Harriet Treacy  
Get Coached to Career Success - MF Approved Coaches
 
Connect with our great mission of connecting 1 million doctors 
medicfootprints.org/joinourmission
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https://medicfootprints.org/joinourmission 
TRANSFORM YOUR CAREER WITH ME AND MORE.
https://medicfootprints.org/gopremium 
REACH OUT TO OUR TEAM! WE'D LOVE TO HEAR FROM YOU!
team@medicfootprints.org 
DON'T FORGET TO SUBSCRIBE AND LEAVE A REVIEW!
 
ABOUT THE HOST
Dr Abeyna Bubbers-Jones is a practising medical doctor and Founder of Medic Footprints: the global platform connecting doctors with diverse career opportunities beyond conventional medicine.
Her mission is to dramatically elevate health outcomes in the world by connecting 1 million d
Released:
Mar 12, 2023
Format:
Podcast episode

Titles in the series (62)

Interested in an alternative career for doctors? You’re not alone.  But what career opportunities are available for doctors and how can you find them? When life in medicine is all you know, figuring out how to reinvent yourself, change career, find an impactful role you LOVE, and work on your own terms can feel overwhelming. That's why Dr. Abeyna Bubbers-Jones, intrepid career changer & Founder of Medic Footprints (the global doctor-led career change company specifically for doctors looking for alternative careers) is on a mission. And that mission is to help talented doctors change careers or find an alternative career for doctors they love. She aims to achieve this by connecting 1 million doctors with the best in diverse careers by 2030. Every week Dr. Abeyna addresses 1 question doctors face when they make the move and launch alternative medical careers - by providing incredible insights from her own experiences and that of her diverse guest speakers - from portfolio GPs and entrepreneurs to companies offering jobs for ex doctors in the UK. If you're a doctor taking your career into your own hands, you cannot afford to miss a single episode.  Jump the line by becoming a Medic Footprints Insider and you’ll get exclusive access to all new podcast episodes weeks before anyone else. Learn more: https://medicfootprints.org/joinourmission