Posts Tagged ‘Public Sector’

The business of medicine…

August 24, 2014

In my previous blog I discussed the business of science  and why science itself is not,  and should never be, considered a business.  Today, as we see the widening Ebola epidemic spreading throughout West Africa I find myself thinking the same thing about medicine.

Medicine is not a business…

As in science,  there are businesses surrounding medicine.  Big pharma and biotech being far from the least among them.  As  I pointed out before, the science of pharma and biotech must not mix with the business unless you want to be buying hi-tech snake oil when you go to the pharmacy.

But there is another component here, often overlooked and currently underfunded even in developed nations:  the role of a strong public health program and the public funding for basic research.

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Innovation with a little “i” is booming but we probably need bigger government for big problems…

June 8, 2013

“Yes! There’s an app for that!”  Too bad if its an app for trying to find  single men between the ages of 40 -50 in a 3 block radius when what you really need is an app for finding affordable health insurance after you’ve been diagnosed with cancer.  The dichotomy between the apparent collapse of real deal innovation and the explosion of useless “fluff” apps was brought to vivid life by C.Z. Nnaemeka  in the “The Unexotic Underclass” in the MIT Entrepreneurship Review.  It is a great article worth the read and don’t forget the comment thread.

Truth be told, the author was preaching to the choir as far as I was concerned.  I mentioned this in previous blogs about little “i” innovation outpacing big “I” innovation at an alarming pace.  America has big yawning problems with a dearth of solutions, yet there is app after app, and product after product for the trivial and irrelevant.  We have iPhones, iPhone apps, iPads, and even iShares to help you make a killing in the market.  We have apps to find the perfect restaurant, apps for train schedules.  VC flows freely into these ventures while the purse strings remain tightly closed for the big issues such as climate change, income inequality, or our apparent inability to keep Americas roads and bridges from collapsing.

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