Investment in hybrid organizations in healthcare

• Autor(a) principal: Silva, Gonçalo Espanha Torrado da
• Data de Publicação: 2018
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10400.14/25340
• topic: Hybrid organizations; Impact investment; Healthcare; Investment in health; Domínio/Área Científica::Ciências Sociais::Economia e Gestão

Innovation in health is a pressing need throughout the world, whether to solve public health challenges, to assure the sustainability of national health services or even improve the population’s quality of life. Investors have been showing a growing interest in projects with social character; furthermore, there has been a growing emergence of hybrid organizations that combine social and financial goals. Due to the social impact closely associated with innovation in health, many projects in this industry are considered hybrid organizations. Therefore, there is a window of opportunity for investment that organizations in the healthcare industry should use in their advantage. It is crucial, however, that these organizations learn how to effectively capture investment. Through an exploratory study, this dissertation aims to understand what are the main factors that hybrid organizations in the healthcare industry must focus in order to capture investment. Using a qualitative approach, 15 specialists in this industry were interviewed: founders/ CEOs of the companies, investors and accelerators. By analyzing the interviews, and considering the specificities of the health industry, six factors were identified: Innovation, Market Drive, Team, Stakeholder Validation, and Intellectual Property. Still companies must not focus on one factor only, since, excelling at just one of them may be insufficient to capture investment. Entrepreneurs must deliver a compelling combination of these six factors in order maximize their chances of attracting the necessary capital.