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Foundry Founders Take Stock

Hanson Gifford III and Mark Deem, two co-founders of the prolific medtech incubator The Foundry, have had a hand in generating more than $2 billion in value for medtech investors and entrepreneurs during the incubator’s 15-plus years. At IN³ Medical Device 360° in Dublin, the pair shared some of the lessons they have learned along the way.

The innovation process is fleeting for most; a spark of an idea evolves into the potential for a product. Inspiration comes – and then goes. But innovation can be institutionalized. Founded in 1998, during the height of the dot.com boom, The Foundry has created a framework around medtech innovation, one that’s created more than 15 companies valued at over $2 billion including Ardian Inc. (acquired by Medtronic PLC) [See Deal] and Evalve Inc. (acquired by Abbott Laboratories Inc.). [See Deal]

But even innovation needs to change.

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