PITTSBURGH, Aug. 15 /PRNewswire-USNewswire/ -- Larry Miller, former
president of a Cleveland-based biomedical company and veteran executive of
domestic and global medical device companies, joins the staff of Innovation
Works as an Executive in Residence. Larry brings more than 20 years
experience in commercializing diagnostic imaging products and other medical
devices to Innovation Works, the region's single largest investor in
seed-stage technology companies. Larry's extensive background and network
of contacts will help local life sciences companies in Innovation Works'
investment portfolio address critical business issues in product
development, sales and marketing, strategic planning and fundraising.
Larry's career has spanned the globe and business spectrum, from
companies as large as Philips Medical Systems as President, Health Care
Products Division with $600 million in revenue to Biomec Inc., a 20-person
biomedical engineering company which was acquired by a public company under
Larry's leadership as president. Based most recently in Cleveland, Larry
has worked extensively in Asia, Latin America, Europe and the Middle East.
Larry holds a degree in mechanical engineering from the University of
Pennsylvania and an MBA from The Wharton School of the University of
As part of the Executives in Residence team, Larry will help guide the
business plan development and growth of companies in the Innovation Works
portfolio and recommend new investments. One-third of Innovation Works'
companies are life sciences companies developing new medical devices,
therapeutics and diagnostics. Larry will assist some of these companies and
others in identifying market opportunities, accelerating product
development, raising venture capital, managing operations, generating
sales, and implementing business practices that maximize productivity and
quality. "We are very pleased to have recruited Larry to join our team of
Executives in Residence," said Rich Lunak, President & CEO of Innovation
Works. "Our team is absolutely first-rate in technology and domain
expertise. Larry's extensive experience in commercializing products that
require FDA approval, working with venture capitalists, and marketing
through direct and indirect channels will be invaluable to our
SOURCE Innovation Works, Inc.