|
|
Founded in 1999, The Innovation Factory acquires or licenses technology from laboratories, inventors, and clinicians around which it builds life science ventures. The firm provides all of the necessary business services and support for medical life science start-ups. Unlike the other medical-related 'incubators' nationwide, The Innovation Factory creates, launches and manages its offspring businesses. The Innovation Factory provides the companies it founds with product invention, business formation, financing, staffing, product development, intellectual property development, prototyping, regulatory assistance, and clinical testing. A consortium of venture capital firms has allocated $30 million for The Factory's start-up enterprises. As the start-ups mature, mezzanine financing is available. The firm's venture capital consortium consists of Accuitive Medical Ventures, Versant Ventures, and SV Life Sciences. The Innovation Factory is interested in hearing ideas for therapeutic medical technologies, including the fields of cosmetic surgery, cardiovascular health, orthopedics, neuroscience, and women's health. The team's combined efforts prior to forming The Innovation Factory generated more than $1 billion of shareholder value.
|
