WHAT IT TAKES TO START A MEDTECH STARTUP IN CANADA

TOP 3 GUIDELINES

• Radical innovation - A healthTech startup can’t afford to be slightly better. Start with a big WHY
• Build a logical ladder to success and climb it consistently one step at a time
• Focus on your business model - not your product

VALIDATE AND ITERATE YOUR WAY TO SUCCESS

• Canada is the best place to be - the land of validation
• The BMZ is a startup
• The BMZ is a startup incubator that focuses on clinical and business model “Value Validation”
• Practice makes perfect (or at least good enough)!

DREAM BIG

• Embrace failure - it is the greatest teacher
• Focus on your weaknesses (that’s where you need help)
• Lean on others
• Enjoy the journey - it’s going to be a long one
• WHY => HOW => WHAT
• Think outside the box

GROW

• BML and iterate
• Have clear timely goals and meet them
• Build enough runway to compete globally

WHAT STARTUPS SHOULD DO

• Hypothesize about your business model and validate
• Know your customers
• Know what your customers know better than them
• What “Job” is your product doing for the customer
• Be humble

HAVE FUN