How Europe Health Tech Boom Will Affect the Industry, According to VCs – Business Insider

How Europe Health Tech Boom Will Affect the Industry, According to VCs – Business Insider

Rob Kniaz, partner at Hoxton Ventures

Kniaz.


Hoxton Ventures


Historically, healthcare industry leaders have not been able to attract sufficient high-quality technical talent but are rapidly realizing they need to avoid disruption by embracing innovation through partnerships and acquisitions at this intersection of technology and healthcare.

Around machine learning and AI, we see tremendous disruption happening — and a lack of in-house capability — making this ripe for startup opportunities to fill these gaps.

Baseimmune is using AI to improve on recent innovations in vaccine discovery, with the goal of making them even more effective and efficient. We are also seeing innovations that make healthcare a more patient-friendly, digitally led customer experience.

Hoxton was an early investor in Babylon Health, which uses technology to make doctors’ visits more accessible to patients, giving them 24/7 access to healthcare providers.

Health-tech startups are also innovating by improving on existing products, adding a layer of scientific and technological innovation to make them more effective, user-friendly, and useful.

Vatic Health has created a more accurate, at-home rapid test that uses just a mouth swab. But for this innovation to continue, the health-tech industry needs to wrap its head around the skills required to bring these innovations to market.

Source: https://www.businessinsider.com/how-europe-health-tech-boom-will-affect-industry-according-to-vcs-2021-11