Expert in Medical Device Commercialization, Larry Miller, Joins Innovation Works as Executive in Residence

Aug 15, 2007, 01:00 ET from Innovation Works, Inc.

    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
 entrepreneurial community."

SOURCE Innovation Works, Inc.