Issue link: http://read.dmtmag.com/i/110509
Michael Siemer of services for medical device development and manufacturing. IMDS prototyping capabilities allows manufacturers to test full scale devices The company has become IMDS��� first east coast Co-Innovation��� facility acquisition for one of the many large medical device and allows companies and surgeon inventors to bring companies looking to stay competitive and innovative in their product ideas to full market realization. With the the global spine industry,��� said Warrington. She adds, purchase of Mydea, coupled with a strategic partnership ���Only passionate pursuit of the first makes the second with German-based EOS (a world leader in DMLS-Direct outcome a real possibility.��� Metal Laser Sintering), Co-Innovation Florida leverages As it stands, business incubation is a growing 3-D computer modeling, rapid prototyping and metal movement that���s gaining recognition across the part production for accelerated next-generation implant country. Consider these statistics compiled by the design and manufacturing. National Business Incubation Association (NBIA) that ���Mydea���s Additive Manufacturing equipment and demonstrate the sheer reach of incubators: in 2011 expertise fit in perfectly along the spectrum of IMDS��� alone, North American incubators assisted about 49,000 business model for moving medical inventions to market,��� startup companies that provided full-time employment said Michael Siemer, founder of Mydea Technologies and for nearly 200,000 workers and generated annual now manager of Additive Manufacturing at IMDS. ���The revenue of almost $15 billion. company���s expansion to Florida also opens the door for Certainly the incubators within the Corridor represent our local scientists and inventors to take advantage of a good share of those figures, and even further account IMDS��� expertise in the medical device industry.��� for the success of growing companies. For instance, Other successful acquisitions of incubator companies the Florida High Tech Corridor Council commissioned include Cognoscenti Health Institute, which was acquired a study of the University of Central Florida���s Business by Sonic Healthcare in 2006, but kept its Orlando Incubation Program in early 2012 and found that client location; as well as EcoArray which became a division of and graduate companies generate a total economic Applied Food Technologies in Alachua. output that exceeds $360 million annually. Led by Dr. For serial entrepreneurs like Stephanie Warrington, Tom O���Neal (who will serve as chair of the NBIA next some see a vision for their company���s future that year), UCF���s Incubator showed a more than five-to-one includes both possibilities of expanding and targeting return on the investments by cities, counties and the an acquisition. ���We will either take TrueMotion Spine���s Corridor Council. While FHTCC has plans to examine devices to market, first by launching outside of the U.S. the impact of other Corridor incubators later in 2013, in Europe and/or the BRIC countries [Brazil, Russia, it���s safe to say that this region has an outstanding track India and China] while applying for FDA approval here record of incubating innovation. in the U.S., or we will become an attractive technology 38 florida.HIGH.TECH 2013 fht_incubation_2013.indd 38 2/12/13 1:21 PM