title: Fueling innovation in medical devices (and beyond): venture capital in health care.
abstract: Innovation in health care requires new ideas and the capital to develop and commercialize those ideas into products or services. The necessary capital is often "venture capital," but the link between public policy and the venture capital industry has not been well examined. In this paper we explore the link between venture capital and innovation in health care, and we present new descriptive data from a survey of health care venture capital fund managers. Respondents generally viewed policy levers (for example, reimbursement and regulations) as important risks to venture capital investments, potentially affecting their ability to raise capital for early-stage investment funds.
authors.affiliation: Center forClinical and Genetic Economics, Duke Clinical Research Institute, Duke University School of Medicine, Durham, North Carolina, USA.
authors.forename: D Clay
authors.initials: DC
authors.lastname: Ackerly
authors.forename: Ana M
authors.initials: AM
authors.lastname: Valverde
authors.forename: Lawrence W
authors.initials: LW
authors.lastname: Diener
authors.forename: Kristin L
authors.initials: KL
authors.lastname: Dossary
authors.forename: Kevin A
authors.initials: KA
authors.lastname: Schulman
mesh_terms: D002202:Capital Financing / Q000639:trends*; D003625:Data Collection; D004059:Diffusion of Innovation; D004864:Equipment and Supplies; D019981:Health Care Sector; D006801:Humans; D014481:United States