Chapter 6 High-Tech Entrepreneurship in the Health Care Industry: A Praxeological View of Stages

The purpose of presenting this chapter is to provide a summary understanding of the high-tech entrepreneurial process in the health care industry by providing a model with flow chart depiction for clarity. In building the Integrated Model, over twenty stage models in the academic literature were reviewed. The academic literature, the authors experience in entrepreneurial endeavors, and research in case studies are combined to derive the Integrated Model. Two case studies are utilized to illustrate certain key points as the model is explained in detail, as well as to suggest some effective ways to cope with the unusual demands of the new venture process.