For years, the device industry has lamented declining VC investment, leading to a decrease in new-company formation, innovation and the like. Well, to paraphrase the popular Mark Twain misquote, “reports of the death of medical device venture investment have been greatly exaggerated” According to FierceMedicalDevices:
“This year, medical device venture fundraising could actually increase for the first time since 2007. That’s driven by the increasingly connected healthcare environment. VCs are going wild for digital health, the promise of convergence between our healthcare systems and all the mobile, cloud, wireless and wearable technologies you could possibly imagine.”
This convergence of multiple disciplines requires a solutions approach to content management and translations – a key reason that EnCompass was created. Different content types require different treatment in translation, e.g. medical resources for anatomical content, computer/IT resources for software-related content…and testing/verification services for the finished device software.
VC investment in the device industry is focused on digital health – these new software/hardware/network devices require an approach to managing content and ensuring quality that spans a number of disciplines – not just medical/anatomical – they need an approach that encompasses all key components.
