About "The Score"
There are two scoring algorithms - one for physical medical devices and one for medical software apps.

The inputs seem simple - but the algorithms behind the score are complex and have taken over a year to develop, and include over 40 years of experiential knowledge that has gone into developing the scorings and weightings for each attribute. Beyond that the attributes are connected and dynamic. The system weights up your inputs - and derives a quite complex score that we've presented as one simple number.

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The score is important - but what is "behind" the score is where the magic lies. The data inputs can help us identify areas where your company and idea could actually be stronger. Or in very strong scoring companies we can point as to where you have very strong components that can be leveraged.

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Why Beta? 

The initial algorithms have been built over tried and tested knowledge for the medtech industry - with analysis of prior success and failure. But as we gain more and more data the algorithms will evolve and refine and get better and better. Plus we aim to release a feedback analysis tool that will help you to find both weaknesses and strengths in your start up.

 

Do I need to be running a startup? 

No. This tool is also an interesting system of assessing investment opportunities, historic case studies, competitive companies, and for assessing ideas well ahead of creating the start up - so you can model what factors may be most important in your planning.

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I welcome feedback at steve@howtostartupinmedtech.com

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