Flint creates big maps to create Baidu maps in the field of health care
In front of him, he wears thin-rimmed glasses, calm and wise, and talks. Young, he has come along the way, has an extraordinary entrepreneurial trajectory, and has different ideas from ordinary people. As an entrepreneur in the field of medical and health care , Yang Hongfei is currently working on a career that provides entrepreneurs in this field with a map guide that is rich in the latest and most comprehensive data in the industry. Yang Hongfei once worked as an angel investment in the medical industry , and also worked as a related incubator and creative space, but it was not until 2010 that he clearly realized that the original actions could not really promote the innovation of the medical industry. . “Successfully developing a drug for 100,000 people will cost at least 10 years and 1 billion dollars, but the probability of success is only 11%.†Yang Hongfei began to think about where most of the time and cost are spent. Is the asymmetry of information or the shortage of talent? At this time, he discovered the emerging business opportunities of flexible materials and the growing trend in the Internet medical field. “Before, I saw that the data in the field of medical and health investment is far less than the TMT (emerging industries such as the Internet that link high-tech companies and the telecommunications industry, etc.), even if it’s not a fraction of it. ". From the distribution of TMT's entire investment, the seed and start-up periods accounted for half, and the other half were expansion and maturity, but only one-fifth of the seeds and start-ups in the health care field. There are currently more than 33 million startups and teams in China, of which more than 5 million are in the TMT sector, and only about 1% of all startups are related to the health of each individual. This is incredible data. “Yang Hongfei is very surprised by this kind of data. Do people now ignore their own health? Flint Creation CEO Yang Hongfei But later discovered that it is not people's neglect of health, but the higher barriers to entrepreneurship in the health care industry. With the gradual improvement of living standards, people pay more attention to medical health, and the cost of medical care is also increasing. The TMT industry is characterized by information exchange and information fusion. In contrast, entrepreneurship in the healthcare industry has been heavily barrierd by traditional perceptions and industries. There are too many categories in this field. It is difficult for entrepreneurs to know where they are and whether industrial innovation is valuable. Many entrepreneurs have been busy for a long time, only to find that the front is a dead end, and foreign first-timers have already tried it. How to avoid such a tragedy, Yang Hongfei said: "I want to pull up the people who are about to fall off the cliff, and I hope to avoid them going to the edge of the cliff." So, he decided to make a new career: in the field of Internet health care The big data is sorted out, and the later entrepreneurs will be given a bright light to provide future medical technology data services for the entrepreneurial team. Zigzag is just a journey Every time you open up a new field, you have to go through a bit of hardship. Yang Hongfei’s team started with just 20 people. The team made the first phase of the product in just 10 months before the difficult reality. After Yang Hongfei's idea of ​​opening up new fields, he began to prepare the source of information data. "At that time, I decided to start from three channels: the government's public data, third-party data exchange, and offline collection of data." It was not so smooth. In order to make the first phase of the product, Yang Hongfei visited the doctors and deans of the major hospitals one by one, but unfortunately the IT construction in the entire medical institution was not taken seriously. At the beginning of the business, it seemed to be in a stalemate. At that time, he began to have some uneasiness and doubts. However, when he thought that there were still many medical entrepreneurs and lost lambs, he often felt that he was a little bit small. The hardships have been counted. He reinvigorated and calmly analyzed the reasons. "Data information is actually not standard in China, and in terms of medical data, the sharing and sharing spirit of today is not enough, and the data information is also the root node." In the domestic medical field, a lot of information is public, but many can't find channels to check the authenticity, and the information is scattered and heterogeneous. If you don't master the information integration skills, it will cost a lot of time. Yang Hongfei, who has been engaged in incubator investment, found that the creation of Flint needs a breakthrough in resource integration. In order to better solve the practical difficulties, in the first three months of the official launch of its data products, Yang Hongfei led the team to publish nine reports in the field of precision medicine . Through audience analysis, he found that 40% of the people who saw it were investment institutions. Investors, 30% are startups, 20% are industrial companies, and the remaining 10% are doctors. "We are very curious as to why doctors will come to see because they have sources of data, such as academic seminars, so I chose to communicate with the doctors and deans of these hospitals again and found that they would exchange information with the hospital." It is also willing, because they also have data requirements, and these can not be bought with money, so this part is mutually beneficial and win-win for both parties." As a company engaged in Internet health services, Flint Creation is the first company in China to identify the elements of innovation and entrepreneurship in the medical field and to digitize them. Yang Hongfei is proud to say that it is not only necessary to form corresponding data based on a platform, but also needs to have enough patience and good at discovering eyes. Entrepreneurship is always accompanied by hardships. Every entrepreneur is a lone wolf, and it is difficult to move forward in the social jungle. Yang Hongfei under the long talk is actually a man who dares to think and has a solid action. He can see the tenacity of not being afraid of hardship. In so many years of entrepreneurship, difficulties, twists and turns, pains, and blows have occurred from time to time, but this has not caused Yang Hongfei to fall. Instead, he has become more and more frustrated and constantly innovating and starting a business. 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