Medical Device Entrepreneurs Converge on Wings, a New Angel Investing Network

People who make a living creating medical devices, like ultrasound machines or stents to prop open clogged arteries, have lived through a crummy 18 months. But that’s not discouraging a group of prominent medical device entrepreneurs from Seattle who are building the region’s first dedicated network of angel investors who have the money and expertise to bankroll new med-tech startups.

This nascent nonprofit, called Wings http://www.medtechwings.com/index.php?p=1_3_About , is transforming from an idea into an operating entity inside the Washington Biotechnology & Biomedical Association. I heard what this is about while meeting last Friday with several key players—WBBA president Chris Rivera, Endogastric Solutions founder Stefan Kraemer, Pathway Medical founder Tom Clement, and Bob Wilcox, an entrepreneur in residence at the University of Washington. They were joined by Stephanie Barnes, a commercialization associate at WBBA who is devoting half of her work time to organizing this network.

Luke Timmerman

Full Story: http://www.xconomy.com/seattle/2010/02/16/medical-device-entrepreneurs-converge-on-wings-a-new-angel-investing-network/