Bioentrepreneurship is the process of creating customer defined value by creating, developing, deploying and harvesting biomedical and/or sick care or health and wellness innovation. The definition includes three key elements: process, value creation and innovation.
There is a difference between biomedical entrepreneurship and health entrepreneurship. Biomedical entrepreneurship refers to commercializing drugs, devices, biologics, vaccines, diagnostics or combined products. Health entrepreneurship is about creating value in digital health products or services, care delivery innovation, business process innovation, services or platforms.
