『Chris Franks: Closing the Gap Between Medical Research and Patients』のカバーアート

Chris Franks: Closing the Gap Between Medical Research and Patients

Chris Franks: Closing the Gap Between Medical Research and Patients

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What happens to breakthrough medical ideas when the science works, but no one knows how to get them out of the lab and into the hands of patients? In this episode of Entrepreneur Rx, host John Shufeldt sits down with Chris Franks, five-time founder and CEO of Promptus, to explore one of healthcare innovation’s biggest gaps: why so much promising research never becomes a real-world product. Chris explains that the U.S. invests roughly $245 billion each year in healthcare research, yet only a small fraction of resulting technologies ever reach patients. Promptus was built to tackle that problem by identifying promising intellectual property from universities, hospitals, and physicians, then rapidly developing them toward commercialization. John and Chris dig into how Promptus evaluates thousands of technologies to find the rare opportunities that combine meaningful clinical need with a realistic regulatory, manufacturing, and commercialization pathway. They also discuss why great science alone is not enough, the challenges of working with technology transfer offices, and how Promptus aims to compress a development process that can traditionally take years into an 18-to-30-month path toward FDA submission. What makes the model especially compelling is the scale of the opportunity: thousands of technologies are already sitting inside universities and research institutions, and Promptus is building a repeatable system to identify the few with the strongest potential to become real products that can improve patient care. The conversation also goes into the founder journey. After nearly two decades of building companies, Chris shares why entrepreneurs need to get out of the office and talk to the people they are actually trying to serve, why medtech founders have to understand every stakeholder who can say “no,” and why building something valuable requires far more than having a clever idea. Chris also opens up about failure, the toll entrepreneurship can take, and one of the hardest lessons he learned along the way: you are not your company. He and John discuss separating identity from business outcomes, surviving difficult chapters, and why failure can ultimately make someone a better founder. About Chris Franks: Chris Franks is a five-time founder, CEO, and builder who has spent more than 15 years on the founder’s path. After selling his last company in 2023, he began rethinking what sustainable success looks like for founders and leaders. Today, Chris is CEO of Promptus, teaches management and leadership at the University of Colorado Denver, co-hosts the How To Founder podcast, and co-founded Denver Startup Week and the Denver Founders Network. He is also a six-time Ironman finisher. About Promptus: Promptus is a healthcare innovation platform built to close the gap between medical research and commercialization. Through its proprietary Expedited Innovation Platform, Promptus identifies high-potential IP from universities, hospitals, and physicians; acquires or licenses it directly; and develops each technology rapidly and leanly, with physicians involved from day one and a clear path toward FDA clearance in 18–30 months. Promptus is currently focused on next-generation biosensing technology designed to give people greater awareness and control over their health. About Xcellerant Ventures: Xcellerant Ventures is a venture capital firm investing in innovative private companies across healthcare, technology, defense, and other emerging industries. Xcellerant offers multiple investment vehicles, including the Jetstream Venture Fund ($5,000 minimum) and SPVs, while partnering with founders through capital, strategic guidance, and its broader network. About Pitch Deck Analysis: For founders getting ready to raise, Pitch Deck Analysis reviews your deck like an investor would, with scoring, feedback, and recommendations on what to improve before you pitch. Use code EntrepreneurRx for a free Founder Pack with five free runs.
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