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In Europe, Medtronic and Sofinnova Launch an Accelerator

Executive Summary

One of Europe's leading venture capital firms, Paris-based Sofinnova Partners and device industry powerhouse Medtronic Inc. have announced plans to launch a new medical device incubator or accelerator in Europe-born out of what executives at both companies see as a fundamental disconnect between the clinical and technological richness of Europe and the practical reality of starting a company there. The new organization, designed to take advantage of what both companies believe is a wealth of untapped potential for new device ideas from European physicians, is located on the campus of the École Polytechnique Fédéral de Lausanne, one of the leading technical institutes in Europe.

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