Jump to Navigation

Medical startups find help in New York business incubator

When you start a new business, there may be a learning curve whose steepness depends on the kind of business you're in. Part of the excitement and fulfillment of a startup is the work that goes into treading new territory, but you also want to limit liability as much as possible. This is where covering your legal bases is important.

One kind of business that usually has a particularly steep learning curve is health technology. Now that doesn't mean that entrepreneurs in this field aren't knowledgeable about clinical health care, but making a business succeed is another matter. New Yorkers will be interested in a Manhattan-based company that offers a three-year mentoring program for qualified businesses in the field of medical technology.

StartUp Health currently offers guidance to 46 companies, 14 of which were recently chosen from 1,200 applications from this past year alone. The companies that are accepted receive business training and access to capital, and about a third of the businesses are New York-based. So far the 46 startups have gotten together $106 million in capital.

According to the founder of Cohero Health -- a company participating in the program -- the difference between StartUp Health and other such business incubators is that StartUp Health provides guidance for a longer period of time, and that extra time is needed in the medical technology field.

In addition to financing, entrepreneurs have to make a variety of legal decisions that will affect taxes and liability. How a business is legally structured from the start can have far-reaching implications, and entrepreneurs and professionals should know what kind of business structure will meet their particular needs.

Source: Crain's New York Business, "14 companies join StartUp Health program," Irina Ivanova, Oct. 16, 2013

No Comments

Leave a comment
Comment Information

Saturday, October 21, 2017

Contact Us

Weinstein, Kaplan & Cohen, P.C.
Attorneys at Law

1325 Franklin Avenue
Suite 210
Garden City, NY 11530-1631

Phone: (800) 722-1342
Fax: (516) 877-7760

E-mail the Firm

Case Evaluation Form

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Located just minutes from the Nassau County Supreme Court, Weinstein, Kaplan & Cohen, P.C. has provided premium family law and business law services to clients throughout New York for almost three decades.

ATTORNEY ADVERTISING

AV Rated

CV, BV and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.