Emerging Business Models in Cancer Diagnostic Startups in India and Lessons for African Countries
摘要
This chapter examines three innovative medical devices and diagnostics startups in India with potential for improving cancer care in low-resource health systems. The chapter describes and discusses their business model adaptations to India’s complex cancer care markets, and shows how early stage financial support, from government schemes, financial institutions, universities and venture capital, is instrumental in supporting entrepreneurship. However, firms struggle to capture value in later stages of technology commercialisation because of a lack of last-mile investment, medical culture and barriers to accessing the public healthcare market. Implications are drawn for industrial support in African contexts.