Will iReports be a must in a few years?
Incite World has announced the release of iReports. No it's not a version of an iPhone, or an iPod, it is an intelligent evaluation of life science innovations that is supposed to lead to the development of new medical products. Incite World began as a "virtual" company which provided expert consultant service to pharmaceutical, biotechnology, medical device, and diagnostic companies. Incite World has developed a cadre of experts and serves clients with either a single consultant or a whole cross-functional team. The company is divided in INCITE Expert Support and INCITE Investment. This is probably a very good idea considering how the life science sector is evolving. The risk can be huge for an investor or for exits, but by using a skilled team that evaluates the path of development, understanding the scientific strength, medical viability, burn rates and revenues that come with medical innovation will be easier. The idea is great if it will work because this will mean many more investments in medical innovations and science break through, which can only be a plus for us all. I didn't like something though...a very egocentric statement: "In the next few years, the first question an investor or business development executive will ask is, 'Is there an iReport on this product?' "- Bill Pagels, PhD, Executive Director, New Innovations for INCITE WORLD. I hope he was just very excited about this project and that's why he made this statement. Maybe this will really happen, but it's just to much to state when you're just getting started.
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Edited by: Jana Kalicka
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