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Medtech Startups Off the Beaten Path: Innoblative Designs

Innoblative DesignsChicago-based Innoblative Designs has developed a radiofrequency ablation applicator that enables surgeons and interventionalists to coagulate and ablate sof

t tissue beds intraoperatively. Tyler R. Wanke is the company's CEO 

Q: Why did you choose to locate in Chicago?

A: We spun out of Northwestern University, in the Chicago-area, and when we were deciding where to start the company, we decided to stay in Chicago. The climate here is becoming very favorable for medtech development, with amazing resources offered [ranging] from Illinois iBIO's PROPEL Center, a nonprofit that supports life science start-ups; to the Chicago Innovation Mentor's Network, a mentor/advisor network for startups; to MATTER, ­ the premier Midwest life science incubator; to Insight Accelerator Labs, an amazing 18-month accelerator for medtech start­ups—all of which Innoblative participates in.  

Q: What are the pros and cons of being outside of traditional medtech hubs?

A: The cost of living is relatively low, the academic and healthcare institutions here are renowned and many, the medical societies meet here, and numerous huge strategic [investors] call Chicagoland home.

           [image courtesy of INNOBLATIVE DESIGNS]
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