Which Innovations Are Set to Transform the Medical Device Market?

The challenges healthcare executives and administrators face are constantly changing. Host Kevin Stevenson talks with the heroes behind the heroes that are enabling hospitals, urgent care centers and telemedicine operators to spend their time tending to patients, while they handle the logistics.

 

On this episode of I Don’t Care, Host Kevin Stevenson talked with Dr. Dan Burnett, President, and CEO of Theranova, an experienced medical device developer with a track record of creating innovating and practical solutions to large markets with unmet needs. The duo dug into Theranova and spinning out companies after funding.

Acting as a medical device incubator or venture studio, Theranova builds medical devices, nurtures them, raises money for them, and once they get to the right stage, they bring on a management team and forge them into their own entity.

“Theranova is, essentially, an idea generator and a company generator,” Burnett said, “that averages a little over one a year in terms of companies we form and spin out. We’ve had 17 in the last 15 years.”

They focus on various healthcare areas, and it just depends on where they see a need. However, they have been honing in on mechatronics and advanced sensing technologies and using those to gather proprietary data streams, which they believe will revolutionize medicine.

Where they once let go of companies quickly, Theranova is holding onto companies longer and longer. Previously, a company would spin out with Series A financing, become its own company and leave Theranova.

“Increasingly, Theranova is investing in these companies, and we’re getting grants and angel capital that allow it to stay inside of Theranova longer,” Burnett said. “By the time it spins out, it is of greater value than the initial spinout stage.”

Listen to hear more about where Theranova sees itself in five to ten years.

Listen to Previous Episodes of I Don’t Care!

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

 

Follow us on social media for the latest updates in B2B!

Image

Latest

Burl Stamp
Improving Employee Engagement Through CAREmunication — A Conversation with Burl Stamp
August 21, 2025

With the healthcare landscape seeing many evolving changes, employee engagement is no longer just a buzzword — it’s now a business imperative. Amid rising turnover and persistent staffing shortages, organizations are under pressure to build resilient, engaged teams. According to Gallup, 70% of the variance in team engagement is tied to one factor: the…

Read More
precision machining
Pharma Manufacturing: Meeting Annex I with Precision Machining for Safer Sterile Drug Production
August 21, 2025

Pharmaceutical manufacturers are under increasing pressure to deliver sterile, high-quality medicines in smaller batches and faster cycles. As pharma manufacturing evolves, regulatory demands have intensified, especially following the 2023 revision of EU GMP Annex I, which places new emphasis on contamination control strategies, improved traceability, and minimizing human intervention throughout production. According to American…

Read More
peer guidance
Leaders Who’ve Been There: Finding Clarity Through Peer Guidance at Purpose Factory
August 20, 2025

Running a business can feel isolating without peers who understand the weight of leadership. Madison Harris, founder of Cobalt Fund Services, found the peer guidance he needed through Purpose Factory. He gained strategic insight and real feedback from seasoned entrepreneurs at a time when his business needed clarity and structure. Harris realized Cobalt wasn’t…

Read More
business acumen
Expanded Business Acumen: How Peer Feedback at Purpose Factory Fueled Smarter Leadership
August 20, 2025

Entrepreneurs often take on too much, attempting to manage every aspect of their business. For Jeremy Scott, Owner of Summit Cove Realty, Purpose Factory offered the structure and peer accountability needed to delegate, refocus, and expand his business acumen. After juggling responsibilities in sales, investments, retail, and utilities, feedback from fellow members led him…

Read More