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See all survey reports: svb.com/startup-outlook-report/ Methodology: The survey was completed between December 4 and 20, 2012 among a national sample of 758 executives of innovation companies with up to $100 million in annual revenues and 500 employees. Over 60% of respondents are President/CEO, 18% CFOs and 19% all other executive titles.
Startup Outlook 2013
HealthcareCoping with Regulatory Changes
IMPACT OF DEVICE TAXTOP 4:
47%
45%
62%
Say 2012 conditions better than 2011
8%
Say 2013 promises to be better than 2012
BUT
78%Plan to hire this year
80%Say �nding skilled employees is challenging
Have women on founding team28%
44%Have foreign-born on founding team AND
BUT
Pass cost to customers
Expand overseas vs domestically
Invest less in R&D
Reduce sta�ng
33%27%
24%24%
1.2.
3.4.
4321
OPPORTUNITIES
We're looking for “pharmaceutical partners with P&L room to partner on development expenses.”
"Both investment and regulatory environment need to harness this opportunity to create next million jobs.”
CHALLENGES
“The Venture community is not funding early stage medical device companies. At any valuation.”
“We're trying to balance customer development needs with capital funding.”
“We must help future investors overcome signicant concerns about the lengthy FDA approval process.”
From biotech to medical devices, healthcare continues to deliver promising therapies despite daunting regulatory hurdles. 78% of healthcare companies surveyed are hiring and are more likely than tech companies to need non-technical employees in areas such as sales and marketing. The industry is promising for women, showing the highest percentage of women on founding teams.
On the public policy front, med device executives are concerned about the implementation of the A�ordable Care Act and the consequences of the new industry tax. Another common challenge is lack of access to capital to allow them enough runway to get their products to market. Nevertheless, survey respondents are cautiously optimistic about business conditions, with 47% describing current conditions as better than last year and 62% saying the future will be better.
THINGS ARE LOOKING UP?HIRING
REVENUE AND PROFITS
Generate revenue
Arepro�table