These healthcare professionals launched their start-up, Le Lab/Idées

It doesn’t say anywhere that you have to wear a white coat all your life. While former business or engineering graduates are legion ahead of French Tech’s nuggets, healthcare professionals are also diving in and embarking on creating start-ups. In 2021, Lionel Elbazdental surgeon founded everything is one, a dental X-ray analysis solution. This AI-enhanced visualization tool helps professionals better explain to their patients the illnesses they suffer from and encourages them to follow the appropriate treatments. “60 to 65% of patients drop out of treatment if they don’t understand all the questions”, guarantees the boss.

Allisone has marketed its solution in the form of a subscription to 1,000 professionals and has just raised 10 million euros from investment funds C4 Ventures and Samaipata to continue its development.

change of mindset

For Lionel Elbaz, the transition to entrepreneurship was quite natural. “It has always attracted me. I have many friends in the ecosystem”, slips the one who previously opened about twenty dental clinics. A good way to familiarize yourself with the business world. But for many healthcare professionals with innovative ideas, making the leap remains difficult to imagine.

In French universities, there are no courses on business creation during medical studies and distrust of the private sector is persistent in some sectors. Investors were also hesitant… “Six years ago, it was easier to start in the United States. Today, it is much less true”, testifies Thomas Clozelformer assistant professor of clinical hematology, who founded Owkin biotechnology in New York with Gilles Wainrib .

surround yourself well

The maturity of the ecosystem and new technologies, such as artificial intelligence, have thus opened up new perspectives. One of the great challenges of aspiring bosses is to surround themselves with complementary profiles.

“My date with Sasha [Samama, NDLR], my technical director, was essential. He takes care of the technical part and I bring the medical value”, insists Lionel Elbaz. Cédric Turquem, former commercial director of Doctolib, joined them. A grand prize of war as he saw from the inside the crazy rise of the e-health unicorn.

Emmanuel Bilbault tried his luck for another reason. This pharmacist who worked in large groups (Teva Farmacêutica, AstraZeneca, Servier) did not understand why there was not a tool to cross-reference patient information (age, gender, pathologies, etc.) and medication files available on the market.

“I proposed this project to Teva”, he recalls. Unable to do so in-house, he founded Posos in 2018. This start-up has developed software capable of identifying whether a patient suffering from various pathologies is at risk of having adverse effects when taking various medications. “Caregivers need to be helped to make informed decisions. Never again will a patient have to leave the hospital with a less than ideal prescription,” she insists.

new codes

The businessman does not regret his new life. “The worst risk would have been not to,” explains this 30-year-old who studied in Essec after his pharmacy studies. A double hat that helps you in everyday life. As they embark on the start-up adventure, these atypical bosses must learn new codes and, in particular, become familiar with the world of venture capital. However, the clash of cultures is sometimes harsh.

“There are few specialized health funds in France. So it’s not easy to get up. And generalist funds are afraid to go there because of the risks or lack of knowledge of the sector”, observes Emmanuel Bilbault. That didn’t stop Posos from raising 2 million in seeds and soon announcing a new fundraiser.

inspire the youngest

Some leaders choose to dedicate themselves 100% to their start-up, but others continue to practice in parallel, such as Dinu Stanescuophthalmologist who founded TemeooGenericName, a solution that allows orthoptists to offer their patients visual assessment consultations supervised by an ophthalmologist. “I only work six days a month in my office,” says the boss, who also spends “2 to 3 days a month” at the hospital. The rest of the time, he is dedicated to his start-up. “We plan to do our first fundraiser in 2023,” he projects.

These pioneers can inspire other healthcare professionals to try their luck in the future. “The horizon for doctors is so difficult in France, especially in hospitals, that many of them are thinking about doing something else,” notes Thomas Clozel. “Entrepreneurship was a fashionable job when you got out of X or HEC, it can also become one when you get out of medical internship.”

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