In the vibrant landscape of Healthtech, an 8-person founding team comprising experienced medical practitioners, technologists, and data scientists embarked on a mission to secure funding for the development of a machine-learning diagnostic solution prototype.
Solution: Comprehensive Start-Up Support for Funding Success
The solution unfolded through outsourcing, where a systematic approach was adopted to facilitate funding. I conducted extensive research to map potential investors, including angel investors and early-stage venture capitalists. Initial outreach efforts were executed to establish connections with these crucial stakeholders. Simultaneously, strategic outsourcing extended to the preparation of crowd-funding copy, executive summaries, and a compelling pitch deck.
Implementation: 5 Hours per Week for Strategic Tasks
A disciplined allocation of 5 hours per week was dedicated to this outsourcing initiative. During this time, the team focused on tasks that truly benefitted from their direct involvement, ensuring a streamlined and efficient approach to their core expertise.
Result: Focused Core Expertise and Funding Achievement
The outcome was noteworthy. By strategically outsourcing tasks related to funding preparation and outreach, the founding team could concentrate on their core expertise. This approach not only optimised their time and efforts but also paved the way for successful funding, positioning the Healthtech start-up for growth and innovation.
By entrusting funding-related tasks to my external expertise, the team achieved focused core expertise and funding success, showcasing how outsourcing can be a catalyst for efficiency and achievement in the competitive landscape of health technology.