Elizabeth Holmes wrote her first patent application after her freshman year of college at Stanford University. Her invention was an arm patch that would diagnose and treat medical conditions at the same time.1 The patch was an attempt to pursue her dream of putting her mark on the world by furthering the greater good.2 Holmes…
Tag: startup
A Bitter Pill to Swallow: Regulatory Challenges Faced by Mobile Health Startups
Mobile health apps is a growing market globally, with projection of its revenue in North America to reach over $5 billion by 2018.1 Despite this promising future, regulatory issues remain a concern for startups and investors hoping to get into this space.2 In the United States, for example, mobile health apps are regulated by…
Standing in the Way of Elon Musk’s Hyperloop
Elon Musk, the CEO of Tesla and SpaceX, first unveiled his vision of Hyperloop in a 58-page white paper in 2013.1 The Hyperloop, the passenger capsule envisioned to run at 760 mph between Los Angeles and San Francisco, was introduced as an alternative to the $70 billion California high speed rail project, at only one…
Three Reasons Why Entrepreneurs Should Consider Detroit
It is not news that in the summer of 2013 Detroit filed the largest municipal bankruptcy in U.S. history.1 In spite of the bankruptcy proceedings, which formally concluded when Judge Steven Rhoades confirmed the City’s plan last November, Detroit received a lot of press as a burgeoning hub for entrepreneurial activity. While many may still…
Increased Regulations on App-based Car Services
Uber, the fast-growing app-based car service, is becoming increasingly popular across the country and the world. Because of its critical mass, Uber is now a legitimate competitor to traditional taxi operators – competing on both price and service. But like a teenager, Uber is realizing that growing up fast can be a bit complicated. Going…