Two speakers discuss how to spur innovation for rare pediatric conditions, focusing on funding sources and incentives that can attract entrepreneurs to solve problems that affect small patient populations.
We find a lot of these and.
I'll give you a great example.
Pediatrics, very small population, thank God. Most children are not very sick.
They don't necessarily need a lot of health care. They're for the most part pretty well.
But there are a few that get very sick.
It's a very small market.
And so how do you, how do you inspire innovators to go into that field?
You know, when there's not a lot.
Of VCs, there are, there just isn't a lot of money. There's not actually a lot of money.
To be made, not a lot of money to be invested, not a lot of money to be made. How do you do that? And I think what you do is you find ways of creating the incentives. And I think we are all incented.
By our desire to improve people's health. And we have a robust pediatric program.
Led by James Wall here, who's a pediatric surgeon.
And they have cobbled together funding sources.
And they come from a variety of places. Some of them are actually VCs and others are more, let's say not for profit oriented but, but they care about.
Kids and they want to make kids health better. And the innovators that are chasing after.
This are excited by the idea that they can make it really diff a real difference in kids lives.
And so you know, it happens. You can find the right people who have that few.
It isn't all about building billion dollar businesses. These are never going to be billion dollar businesses. But you match the entrepreneur, the opportunity and then you try to find the funding sources that are willing to put.
The money behind it.
And that's how you get there. Yes, a struggle, but overcomeable by just.
Finding the right pieces to put together.
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