The health care industry is strictly regulated, including long service process approval from bodies such as the FDA (Food and Drug Administration) or EMA (European Medicines Agency). Healthcare start-ups make use of venture capital funds, for it is from such funding that the resources and advice to introduce innovation into the market can be garnered. Indeed, there may be a tough road ahead to success, but financial and social returns make health care an attractive investment area for venture capital. As the sector continues to move forward, so will the VC-backed start-ups following this new track onto what's possible in healthcare in millions of lives.
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