Current Foundry leaders Hanson Gifford, Karun Naga, and Matt McLean reflect on a quarter-century of creating medtech companies and developing novel business models to enhance their success. Part 1 of a 2-part article.
A quarter of a century ago, a talented group of engineers and medtech executives came together to create The Foundry. More an engine of serial entrepreneurship than a kind of shared services organization typical of many incubators, The Foundry has been one of the most successful forces in medtech company creation over its 25 years, pioneers not just in important new clinical and therapeutic arenas and the tools that have made those advances possible, but also in novel business models that point in new directions for entrepreneurship going forward.
This past June, at the 30th Annual Medical Device Digital Health Conference, held by San Francisco-based law firm Wilson Sonsini Goodrich & Rosati, a trio of Foundry executives, including Hanson Gifford, Karun Naga, and Matt McLean, came together to recognize this milestone anniversary for the influential group and discuss not just past successes but also future directions for the organization. In this, the first of a two-part series on The Foundry, we highlight the successes and legacy of the incubator as it looks forward to the next quarter century of company creation.