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Investing in New Frontiers of Mental Health (Live at SXSW)
Business Trip
The Importance of Innovation in the Business Model
Innovation in the business model is as important as technical innovation, as it can determine the success of a technology. Companies need to focus on not just developing revolutionary science, but also on creating innovative business models for delivering products to the market. The example of Lycos Therapeutics highlights the significance of business model innovation in the psychedelic medicine space.
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