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CIMIT Accelerator

To find, fund, and facilitate new healthtech innovations.

It is difficult to introduce an innovative medical device into the marketplace, and many clinicians do not have the business expertise to plan for the many stages involved in commercializing a new product. CIMIT's Accelerator was created to provide innovators with support and specialized expertise in intellectual property protection, patents and licensing, technology implementation, regulatory issues, fundraising, commercialization, and much more. Its benefits to entrepreneurs, academic hospitals and investors ultimately supports CIMIT's mission to rapidly improving patient care by facilitating interdisciplinary collaboration.

 

Accelerator Awards

Accelerator Awards support the facilitation and execution costs of projects that have the potential for commercial handoff in 12–18 months. This type of award helps projects commercially de-risk projects and establish proof-of-value. Accelerator Executives join teams and work closely with the institutional technology transfer offices to speed hand-off to industry.

These awards provide a vital infusion of expertise and funds to support teams in driving a solution to a commercial exit where it will be advanced by financially motivated investors. This may be that the minimally viable product (MVP) is sold or a company takes the product through the final commercialization and regulatory approval stages.

Support available includes:

  • Cash awards for product development and validation
  • Expertise to help with commercialization challenges, such as business models, go-to-market plans, regulatory pathway, reimbursement, customer acquisition, etc.

Please contact Mike Dempsey for more information.

 

Accelerator Team

Full Bio

Full Bio

Wolfgang Krull is a Senior Operations Management Professional in the Medical Device Industry with a proven track record of leading complex business, site, operations, supply chain, and product development organizations including two successful startups. His specialties include leading Operations, Strategic Planning, Organizational Development, and Program Management to meet worldwide business, quality, and regulatory requirements.

Wolfgang spent 24 years with Hewlett Packard Medical (now Philips) in multiple functions including executive positions as Director of R&D and Director of Worldwide Manufacturing/Order Fulfillment for the Patient Monitoring Business. In these roles he was responsible for strategic development for the Bedside Patient Monitoring, Digital Telemetry, Central Monitoring, and Cath Lab product lines for critical, intermediate, and coronary care hospital markets.

In 2001, he joined start-up Visualization Technologies (VTI) as Vice President of Manufacturing and Supply Chain responsible for strategic business, process, operational, and organization improvements including initiatives in lean, cost reduction, quality improvements, and new product launch processes for Manufacturing. In 2002, VTI was successfully acquired by General Electric where Wolfgang continued as Vice President of Operations and Supply Chain.

In 2003, Wolfgang joined start-up Breakaway Imaging as Vice President of Operations and Supply Chain responsible for establishing and leading operations, supply chain, quality system, and service organizations and processes for the O-arm Imaging system. In 2007, Breakaway Imaging was successfully acquired by Medtronic and Wolfgang became the Regional Business and Site Manager for the Medtronic’s Navigation and Imaging business responsible for leading product development, operations, quality/regulatory, and factory services organizations for the O-arm business.

In addition to his CIMIT Accelerator Executive role, Wolfgang is the founder and president of Krull Enterprise Services for Operations and Supply Chain (KESSCO) providing “hands-on” management and consulting services to assist emerging, early, and mid-stage medical technology companies develop, implement, and optimize their manufacturing and supply chain operations to meet business goals. Wolfgang has been a Hewlett Packard Fellow, Chairman of the University of Massachusetts (Amherst) College of Engineering Deans Advisory Committee, and Member of the Boston University Software Engineering Advisory Committee.