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Scientific entrepreneurs—physicians, nurses, and different well being care professionals—who perceive Canada’s well being care challenges first-hand may assist enhance the well being system and develop the financial system, argue two physicians in a commentary printed within the Canadian Medical Affiliation Journal.
“Successful Canadian-controlled private corporations developed by these entrepreneurs could fuel economic growth and help protect the sovereignty of our health care system,” in response to Drs. Kumanan Wilson of Bruyère Well being Analysis Institute and College of Ottawa, Ottawa, Ontario, and Dante Morra, founding father of the CAN Well being Community and a doctor with THP Options and the College of Toronto, Toronto, Ontario.
Nonetheless, well being entrepreneurs in Canada face many obstacles that may should be addressed. These embody lack of product match for the market; threat aversion and worry of failure; financing challenges, reminiscent of entry to capital for start-ups; complicated mental property safety; and battle of curiosity considerations.
“Even if a clinician entrepreneur is successful in creating a business, Canada does not have a successful record of supporting Canadian-controlled companies, and competition from international companies can be difficult to overcome,” the authors write.
“Finally, there is the concern of clinicians leaving practice while Canada faces a crisis in health human resources.”
The authors advocate creating clinician entrepreneurship applications in educational facilities, analogous to medical scholar applications for scientists. These applications would supply enterprise experience to clinicians excited by entrepreneurship and create educational recognition and incentives for entrepreneurship.
The applications may work with native enterprise accelerators to create health-care-specific partnered entrepreneurship applications, pairing folks with enterprise experience and clinicians to co-found firms. Adjustments in public well being system procurement insurance policies are key to making sure the adoption of options created by Canadian entrepreneurs.
“Leveraging and training talented, motivated clinicians to work with partners to build successful companies can produce useful solutions to important health care problems and generate revenue to sustain our health care system. This requires a fundamental cultural change to how Canada’s health care and academic enterprise views the role of clinicians as entrepreneurs, who can drive much-needed change in Canada’s health care systems.”
Extra data:
Clinician entrepreneurs ought to be supported to handle Canada’s well being care challenges, Canadian Medical Affiliation Journal (2025). DOI: 10.1503/cmaj.250235
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Canadian Medical Affiliation Journal
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May clinician entrepreneurs profit Canada’s well being and financial system? (2025, Could 20)
retrieved 20 Could 2025
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