The Fogarty Institute is known for attracting innovators, and that includes its newest hire, seasoned medtech entrepreneur Greg Bakan. In his new role, Greg will help mentor the institute’s companies-in-residence while assisting in the overall operational management of the Institute.
Greg’s career spans over 25 years in the medical device industry. During this time he has sought out opportunities that allowed him to blend three of his greatest passions: science, business and entrepreneurship.
After receiving his undergraduate degree in Biology from the University of California, San Diego, Greg began work in an academic research lab. During this time he was exposed to inspiring researchers pursuing novel diagnostic and therapy technologies to treat a range of medical conditions.
Sparked by an interest in the business potential for such unique therapies, he subsequently earned an MBA from the University of Michigan and embarked upon a career working for some of the top firms in the medical device industry. Over the next eight years, Greg held positions of increasing responsibility in strategic planning, business development and marketing at Guidant, Johnson & Johnson and Medtronic.
Working for larger companies provided a powerful training ground to learn about the medical device industry and meet some of its most influential pioneers. It was during this time that he became exposed to Dr. Fogarty and other legendary serial medical device entrepreneurs in Silicon Valley.
When the opportunity to work at a well-backed Bay Area startup arose, Greg jumped at the chance, realizing it was a rare possibility to “plug in” to one of the most successful entrepreneurial networks in the medical device industry. In the 20 years since that time, Greg has held senior management positions at six startups helping guide them through development, clinical studies, regulatory approval and initial commercial launch. Combined these firms (which included Fox Hollow, Ardian and Nevro) have generated over $2.5 billion in returns to their investors.
When he learned of the opening at the Fogarty Institute, Greg saw it as an amazing opportunity to give back. “I’ve followed Dr. Fogarty’s work over the years and have the utmost respect for his efforts. In addition to being one of the most successful inventors and entrepreneurs of our time, he’s been equally committed to fostering innovation and educating the next generation of medical device entrepreneurs,” noted Greg. “I was so fortunate, and benefited so much, from the mentorship I received throughout my career, I’m honored to be part of the Fogarty Institute and hope to return this favor to others,” he added.
Please join us in welcoming Greg to the Institute.