Looking at where VCs are putting their money is an easy way to identify sectors with perceived growth potential. The Affordable Care Act (known affectionately as “Obamacare”); a new additional 2.3% medical device tax; and continued uncertainty about the FDA approval process has led to big drop in VC funding dollars in the US life sciences industry in 2012. In fact, PwC have estimated that the medical device industry is down 30% in VC funding dollars and 22% in VC deals in Q2 2012 compared to the same period in 2011.
Remarkably, it does not seem that these challenges have impacted digital health, connected health, health technology or whatever term you might prefer to use. At the Health 2.0 San Francisco Fall event, the digital health accelerator RockHealth declared that VC funding dollars had increased by 70% and that VC deals had increased by 84% in Q3 2012 compared to the same period in 2011.
So it should not be surprising that when Governor of Massachusetts, Deval Patrick proclaimed that the third week in October would be known as “Innovation Week” in Boston that it was centered around two large health technology events.
The focus on the role of technology in healthcare began with a two-day event in the Massachusetts State House. The extensively named, “EU-US eHealth Marketplace & 2012 Transatlantic Health IT/eHealth Cooperation Assembly” was organised by the European Connected Health Alliance (ECH Alliance), the Northern Ireland Massachusetts Connection (NIMAC) and EU Commission. Essentially, the purpose of the event was to encourage the development of collaborations between the US and Europe in the area of connected health.
Among the attendees with a link to Enterprise Ireland were Irish companies SilverCloud Health and Cara Wellness whom exhibited and pitched their offerings at the assembly of 300 health tech executives, financiers, policy makers and health tech enthusiasts.
Headquartered in the National Digital Research Centre in Dublin, SilverCloud Health has a platform that allows healthcare providers and organisations to rapidly introduce health and wellness programs to their clients.
Through the collaboration of CASALA, ADA and Rigney Dolphin; CARAwellness has a technology that allows users gather information about their health from several technology sources so that they can keep an eye on their wellbeing and allow them share it with their carers. CARAwellness are able to do this through the use of medical technology, such as blood pressure cuffs, weight scales and sensors.
It was not just Irish health tech companies represented though – to promote eHealth Week 2013, Ciaran Cannon, T.D., Minister of State for Training and Skills concluded the two-day seminar with an invitation to all participants and their peers to come to the new convention centre in Dublin next May for the event – one of many conferences coinciding with Tourism Ireland’s “The Gathering 2013”.
Next up was the main event, the Connected Health Symposium 2012 presented by Partners HealthCare – the not-for-profit health care system that was founded by Brigham and Women’s Hospital and Massachusetts General Hospital.
The Connected Health Symposium prides itself on being the place where healthcare and technology collide – and they’ve been colliding annually for 9 years now in Boston. The discussions ranged from the policy driving “meaningful use” to discussions on how Americans are embracing solutions for health and wellness voluntarily – an estimated 60% of US adults are tracking their weight, diet or exercise routine voluntarily (albeit about half of these engaged Americans are what Susannah Fox of the Pew Internet & American Life Project described as “self trackers” – those who track their health using the popular “skinny jeans test”).
There’s a lot happening in health tech in the US at the moment and next year at eHealth Week 2013 in Dublin, Ireland Inc. will have its opportunity to showcase what the Irish health tech community can bring to the table.
Picture above is the main hall in the Massachusetts State House at the EU-US eHealth Marketplace & 2012 Transatlantic Health IT/eHealth Cooperation Assembly.
In October 2012, the Taoiseach, Enda Kenny TD, participated in a two day Enterprise Ireland programme to visit a number of Irish life sciences companies in Philadelphia and Cleveland.
The programme began with the official opening of Zenith Technologies’ new US headquarters in Philadelphia. With its global headquarters in Ireland, Zenith Technologies provides automation and manufacturing execution systems (MES) engineering services to the life sciences industry.
Speaking at the event, the Taoiseach acknowledged that Zenith Technologies and other leading high-technology companies supported by Enterprise Ireland would continue to drive export growth, underpin Ireland’s economic prosperity and support valuable Irish jobs in the future.
Also in attendance at the official opening of Zenith Technologies’ US headquarters were Allyson Schwartz, the U.S. Representative for Pennsylvania’s 13th congressional district; and Kate Harper and Brendan Boyle – both members of the Pennsylvania House of Representatives.
The event in Philadelphia was followed by a visit to the Cleveland Clinic where it was announced that the Irish-based company, i360medical has formed a strategic partnership with the Cleveland Clinic and its Innovation Alliance. Through the partnership, i360medical will represent the European wing of Cleveland Clinic’s Innovation Alliance programme which includes North Shore LIJ, MedStar Health, Promedica and Notre Dame.
Derek Young, founder and CEO of i360medical noted that the collaboration would facilitate the commercialisation of technology and innovative ideas in the healthcare industry using Ireland as a launch pad for emerging companies.
Enterprise Ireland has a long established relationship with the Cleveland Clinic, and the partnership between i360medical and Cleveland Clinic is the result of introductions brokered by Enterprise Ireland.
Speaking at an event in Cleveland Clinic, the Taoiseach said: “I strongly welcome this latest successful outcome of the relationship that exists between Ireland and the Cleveland Clinic. Healthcare and life sciences is a sector that holds particular potential for growth and job creation and is a key sector in the Government’s Action Plan for Jobs. This latest alliance is further endorsement of the international calibre of Ireland’s indigenous healthcare sector. The Government, through Enterprise Ireland, is keen to support and promote more strategic international collaborations such as this one to enhance innovation and generate break-through research. I trust that this will be a mutually beneficial alliance for both i360 Medical and Cleveland Clinic that will yield significant benefits for both organisations.”
The Taoiseach also met with a number of other Irish life sciences companies supported by Enterprise Ireland that have established a relationship with the Cleveland Clinic.
Pictured above from left to right at Cleveland Clinic: Dominic Considine; Richard Stack, M.D. Managing Director of Synergy Life Sciences Parnters; An Taoiseach, Enda Kenny TD; Derek Young, Founder and CEO of i360medical; Christopher Coburn, Executive Director of Cleveland Clinic Innovations; and Frank Ryan, Chief Executive Officer of Enterprise Ireland.
Tanco Autowrap began producing light engineering products in the early 1960s. Today, Tanco Autowrap produces the widest range of quality agricultural wrapping machinery in the world, exporting them to over 30 countries worldwide.
Tanco is committed to developing innovative agricultural wrapping machinery and agricultural machinery implements distinguished by high performance, durability and functionality.
Tanco Autowrap in conjunction with their importer Hamilton Equipment, Ephrata, PA wishes to appoint a Product Manager to increase sales of Tanco Bale Wrapping machines and implements.
This is a new and exciting position that will require frequent travel around the East Coast & Midwest and strong sales skills to sell Tanco’s products to existing, and new dealers.
If you have a lot of drive and energy, a strong sales record with proven results in the agricultural equipment or power equipment industry, are a self-starter with strong prospecting and closing skills, and like to travel (car) several weeks each month, Tanco Autowrap would like to hear from you.
This is a full-time position with training provided, great working environment, growth opportunities, company paid car, health insurance, 401K, etc.
PM Group is expanding its Boston office and recruiting specialist engineers and designers.
The Boston base is a core element of PM Group’s global development strategy and brings the Group closer to the home base of many of its key longtime clients. Headquartered in Dublin, Ireland, PM Group delivers complex, mission-critical facilities for the advanced technology, life sciences, R&D and healthcare sectors globally for Fortune 500 clients. The company has annual revenues of US$280 million and employs more than 1,600 people working in 25 countries. Two-thirds of its business comes from US multinational clients that include 3M, Abbott, Boston Scientific, Dell, Diageo, Genzyme, IBM, Johnson & Johnson, Mars/Wrigley, Merck and Pfizer among many others. We now have a requirement for a talented Senior Mechanical Engineer for our Boston office:-
Senior Mechanical Engineer, Boston, USA
The Senior Mechanical Engineer position is a senior, client-facing role requiring the ability to inspire confidence from the taking of a client brief through proposal preparation and project execution. Proven design excellence in complex facilities (central utility centers, process/manufacturing buildings, laboratories, data centers etc.) is required. Leadership is an important part of this role. The ability to motivate and mentor others in a dynamic growing office environment is required. The successful candidate will be required to do some travel as part of their duties.
This role is located in Boston, USA
Essential Job Functions
- Carry out conceptual design studies.
- Carry out detailed engineering including preparation of calculations and drawings directly and through supervision of other engineers. Typical areas of design include:
- HVAC design for complex facilities including clean rooms and laboratories
- Utility system design – heating and cooling systems (generation and distribution), steam systems etc.
- Clean utility system design – generation and distribution of purified water, WFI and clean steam
- Specification and procurement of mechanical equipment (AHU’s, chillers, boilers etc.)
- Ensuring code compliance in issued design deliverables
- Lead, develop and mentor mechanical engineering staff
- Review submissions and installations for compliance with design intent and good engineering practice
- Being resident on a construction site for short periods as required
- Witness commissioning activities, trials and factory acceptance tests for compliance with design intent and good engineering practice • Act as project manager for engineering studies
- Plan and manage work and resources
- Present PM Group’s mechanical engineering capability to potential clients in support of proposals
- Liaise and coordinate with other disciplines within the USA offices, within other PM Group offices and with external consultants.
- Degree in Mechanical Engineering
- Registered Professional Engineer (PE) in Massachusetts
- Demonstrated capability in mechanical / building services design
- Experience across a range of PM Group’s industry Sectors (http://www.pmgroup-global.com/sectors.aspx) would be an advantage
- Ideally 10+ years professional experience
- Self motivating and self organising
- Reliable, consistent and mature approach to work
- Demonstrable ability to play a positive role in multi-discipline teams
- Professional approach and demeanour. An ethical approach to safety, quality, environmental protection and business. A commitment to sustainable design
- Demonstrated ability to communicate effectively with clients and peers at all levels, with good presentation skills.
To apply for this job, go to:
Wednesday, September 21, 2011
Location: The Dogwood Room,
North Carolina Biotechnology Center
15 T.W. Alexander Drive, Research Triangle Park, NC, 27709
8.45am -11.30am: Life Sciences Networking Event
An Irish delegation is embarking on an upcoming trade mission to strengthen economic and trade ties between North Carolina and Ireland. A key element to the Mission is a Life Science networking and partnering event to take place at the North Carolina Biotechnology Center.
The life Science event will showcase 14 of Ireland’s visiting high technology Life Science companies (Pharma and Medical Device click Enterprise Ireland Companies to view each company). The event will take place in an informal networking environment with table top displays by the guest companies. North Carolina Life Science companies are welcome to come and meet the visiting Irish companies to discuss their technologies, the life science sectors in North Carolina and Ireland, new developments in the sectors, collaboration and supplier opportunities.
The event will be opened by remarks from the Irish Government Minister for Jobs, Enterprise and Innovation, Richard Bruton T.D. and Richard Stack, President, Synecor. This event will start at 8.45am and give the opportunity for meetings and informal networking between North Carolina based and the visiting Irish companies.
You are warmly invited to come along and meet examples of technologies from the burgeoning Irish Life Science sector and network with the visitors and local colleagues.
Please RSVP to: Eoin.Moore@Enterprise-Ireland.com. For more information, please call: Eoin Moore on 212 546 0470
Published December 2nd, 2010 by Paul Browne at Best Connected
Thanks to Ray and a lot of other people behind the scenes, The Guardian Tech Weekly had a good visit to Ireland, with a lot of follow up coverage of EI Client companies in what is probably the most influential tech section in the UK.
The full Podcast is here, a quick overview of what’s in the Podcast and an ongoing summary of the UK view of what is happening in Ireland’s technology Sector and all live on the Guardian site.
Podcast: Play in new window
PM Group Expands into US;
Buys San Jose’s Greene Engineers; Opens Facility in Boston
SAN JOSE, Calif. and DUBLIN, Ireland, Oct. 1, 2010—PM Group Ireland’s largest engineering, architecture and project management firm, today announced that it has acquired Greene Engineers, a San Jose-based engineering services company with special expertise in the mission-critical facilities, cleantech, greentech, healthcare and life sciences sectors. Also today, PM Group opened a facility in Boston. The move marks PM Group’s expansion into the US, a core element of its global growth strategy, and brings the company closer to the home base of many key longtime clients.
Headquartered in Dublin, PM Group designs complex, mission-critical facilities for advanced technology, life sciences, R&D and healthcare sectors globally for Fortune 500 clients. The company has annual revenues of $320 million and employs more than 1,700 people working in 25 countries. Two-thirds of its business comes from US multinational clients that include Pfizer, Johnson & Johnson, Abbott, Merck, Mars/Wrigley, Diageo, 3M, Dell and IBM, among many others.
A well-known engineering services firm in San Jose, Silicon Valley, Greene was founded in 1954 and serves a broad portfolio of companies with mechanical, electrical and chemical engineering expertise. With annual revenues of $5 million, the company is behind many landmark buildings in the region. They include: IBM’s Almaden Research Center, Stanford University’s new Science and Engineering Quad, and 300 Santana Row in San Jose, which is a LEED Gold Certified building. The Greene team has established a stellar reputation for its work in the solar panel, LED and electric car sectors. From today, the company will be known as PM Greene Engineers.
The acquisition represents PM Group’s first in the US. It will enhance the company’s existing expertise in the biopharama, med tech, food/nutritionals and data center/mission-critical sectors, and provides a gateway to the growing clean- and- greentech sectors. PM Greene Engineers will help execute on PM Group’s vision to create a center of excellence focused on advanced technology, cleantech and biotech in San Jose in Silicon Valley. Through its network of offices around the world, PM Group will help Greene follow its US clients as they expand internationally.
Commenting on the US initiatives, Pat McGrath, PM Group CEO, said, “We have been planning this move for some time and believe that we found the right company in Greene Engineers. Their team is exceptional and their business strategy complements ours. The acquisition provides an excellent opportunity for us to grow our US presence and take our expertise into new areas. We extend a warm welcome to our new employees and we look forward to benefiting from their strengths. The combination of our West Coast presence and our new Boston location provides an excellent platform for growth. We’re looking forward to building our business here in the coming years.”
“This is a very exciting development for Greene Engineers and a real benefit to our clients,” said CEO Chris Greene. “By joining PM Group, we can provide our clients with new and expanded services of a large organization with a broad global footprint. We can considerably enhance our specialist offerings, work on larger projects and bring new value to our existing clients. We’re delighted to join the PM Group team.”
About PM Group
PM Group is an international provider of professional services in engineering, architecture and project management. Headquartered in Ireland, PM Group’s multi-disciplinary teams of more than 1,700 people deliver complex capital projects to clients in the Biopharmaceutical; Advanced Manufacturing; Medical Technologies; Food and Nutritionals; Research and Development; Energy; Healthcare and University Education; sectors. Highly committed to the PM Greene Engineers is a firm of specialist mechanical, electrical and chemical engineers serving the Cleantech, Data Center, Advanced Technology, Greentech, Healthcare and Life Sciences sectors.
Founded in 1954, PM Greene Engineers has a long history of working and serving clients in Silicon Valley. Beginning with three research buildings for Stanford University over 50 years ago, PM Greene Engineers now designs facilities for companies, universities and research institutes that have made Silicon Valley the world’s technology capital.
The high technology engineering systems that PM Greene Engineers designs include clean & aseptic environments, chemical storage, high-purity process piping, high purity water, industrial waste treatment, power and lighting, process controls, emergency power and UPS systems, building management, and life safety systems.
From the earliest days of the electronics and bioscience revolutions, to today’s growth in healthcare, datacom and greentech, PM Greene Engineers has been a pioneer in the design of the sophisticated engineering systems required by mission-critical facilities. Greene is a member of the U.S. Green Building Council, and is committed to designing facilities that are energy and water efficient
PM Greene Engineers is part of highly skilled multi-disciplinary teams of more than 1,700 people with specialist expertise in the delivery of complex projects.
Irish investment in California continues to grow. This morning, PM Group, Ireland’s largest engineering, architecture and project management company acquired San Jose’s Greene Engineers – a specialist engineering firm. Below, L2R: Pat McGrath, CEO PM Group; Chris Greene, CEO, PM Greene Engineers in San Jose following the closing of the acquisition.
Silicon Valley / San Jose Business Journal – by Mary Duan
Engineering services company Greene Engineers of San Jose has agreed to be acquired by Ireland’s largest engineering, architecture and project management firm, a deal that gives market expansion opportunities to both companies.
The acquisition enables the company to double in size to about 60 people at its headquarters on Technology Drive near the San Jose Airport. Greene is looking to open an office elsewhere in the Bay Area, possibly along the Interstate 680 corridor. It will also explore opening an office in Southern California.
The company works in a niche space that focuses on mechanical, chemical and electrical engineering for high-tech facilities. For the current deal to work, Greene needed a global partner that focused on the same markets.