Revolutionizing Life and Death: Startups Creating Innovations for a Better World

Building in Heavily Regulated Industries: A Tale of Persistence and Innovation

Entrepreneurs Gabriel Sanchez of Enspectra Health and Tom Harries of Earth Funeral share their insights on navigating the challenges of building innovative products in highly regulated industries. In this episode of Build Mode, they shed light on the complexities of obtaining FDA approval, complying with state regulations, and challenging cultural taboos in their respective ventures.

Gabriel Sanchez recounts Enspectra’s arduous journey towards securing FDA clearance for its groundbreaking skin imaging device, highlighting the patience and resilience required in the face of regulatory hurdles. Meanwhile, Tom Harries discusses the creation of a human composting service as a sustainable alternative to traditional burial practices.

The duo offers practical advice on maintaining momentum in the midst of regulatory delays, strategic financial planning in uncertain circumstances, and attracting venture capital in industries often considered too controversial for investment.

Key Takeaways:

• Iterate while awaiting regulatory approval
• Plan your financial runway strategically
• Secure venture capital in unconventional sectors

Don’t miss out on new episodes of Build Mode released every Thursday. Subscribe to the podcast or watch on YouTube for more insightful discussions. Hosted by Isabelle Johannessen, produced and edited by Maggie Nye, and supported by the Foundry and Cheddar video teams.