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Friday, August 14, 2009
The Pitch
Infection Management seeks backers of medical waste elimination machine
By Mass High Tech staff
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Infection Management Inc.
Headquarters: Brookline
Employees: 3
Founded: 2008
E-mail: jcarlson@systemchange.com
Phone: 978-273-5378
The Pitch: The company is seeking partners and capital investment to commercialize its product.
PITCHING THE TECHNOLOGY
Infection Management has developed a machine for shredding, disinfecting and shrinking medical waste at hospitals and other facilities. The startup says its product eliminates the need for off-site hauling and heat-based processing. The machine is part of a management system for tracking, processing, disposing and controlling access to medical wastes. The system is intended to allow for faster waste removal and throughput, reduced operating costs and risks, reduced truck traffic, reduced exposures to pathogenic materials and enhanced environment controls. The company says its Phase 1 goal is implementation in the facilities area, followed by Phase 2 implementation outside of operating rooms and emergency rooms.
PITCHING THE PEOPLE
Who is on the management team? Bob Kodis, CEO; John Carlson, COO/CFO; and John Rice, vice president of R&D
Have executives been involved in a cashout prior to this venture? Bob Kodis was involved in an exit from DI/AN Controls Inc. John Carlson helped set up Tessera Technologies Inc.’s IPO in 2003.
Who is on the board of advisers? Jim Bleck, Bleck Design Group
PITCHING THE BUSINESS
How much money is being sought? Infection Management is seeking $3 million to complete and test its product, and implement it at a pilot hospital.
What partnerships, collaborations or affiliations are already in place? None, though the company says it recently met with the Massachusetts Medical Device Development Center (M2D2).
List any federal or state grants, contracts or awards received: None.
What’s the market size being pursued? Infection Management says the market for medical waste management is about $10 billion.
Who are the likely competitors, direct or indirect? Competitors include companies such as San-I-Pak.
Is the company profitable? No.
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