Posts by Mike Miesen
How a Blended Model Can Solve Some Market Failures (Part 2): Gradian finds a way to scale anesthesia machines according to demand
Like a traditional business, Gradian spends money on market creation for its anesthesia machine. Unlike a traditional business, however, the company doesn’t expect to recoup that cost; it’s paid for with philanthropic funding so Gradian can offer the machine at as low a cost as possible.
How a Blended Model Can Solve Some Market Failures (Part 1): Foundation-owned social enterprise combines features of philanthropy, business
Medical equipment manufacturers face challenges selling in low-income countries. That led Gradian Health Systems to adopt a foundation-owned social enterprise model, allowing it to function as both a commercial entity and a nonprofit.
Know Thy Hospital: Engineers and entrepreneurs are rethinking medical device design, and the world could be healthier as a result
Well-meaning individuals and organizations from high-income countries often donate medical equipment – mostly used – to hospitals in low-resource settings. But it often fails because it isn’t designed for the "predictable unpredictability" of these settings. Mike Miesen argues that we need innovative devices designed for the needs of the customer, not the donor.