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Thursday, July 27, 2006
University Enterprise Laboratories, Inc.
1000 Westgate Drive
St. Paul, MN 55114
Featured Speaker: Michael Berman
 Michael
Berman is one of Minnesota’s most respected entrepreneurs,
having cofounded six companies, served as chairman of four of those companies,
and invested in more than a dozen private companies. He currently serves on
the boards of 10 emerging medical-device companies: Aetherworks, BeneChill,
CoAxia, Curon Medical, Myocor, Prospex Medical, Ortaco, TopSpin, Transoma
Medical, and UltraShape. He is also a partner in Israeli venture capital firm
Israel Seed Partners.
From 1995 to 2000, he served as president of Boston Scientific’s cardiology
business, and from 1997 to 2000 he was a member of Boston Scientific’s
executive committee. During this time he led a division of more than 4,000
employees and managed the growth of the business from $300 million in sales
to $1.5 billion, overseeing four interventional cardiology acquisitions, more
than $250 million in research and technology, and 40 new product launches.
In 2000, Berman decided to follow his entrepreneurial passion when
he cofounded Velocimed, a medical-device company specializing in minimally
invasive cardiovascular and neurovascular devices. Velocimed was acquired
by St. Jude
Medical in April 2005 for $82.5 million plus $180 million in contingent
payments.
Berman is respected for his ability to translate complex technical
ideas into viable products. His 25-year career in the medical-device
industry includes a variety of senior marketing and management positions.
A native of Ithaca, N.Y., Berman received an M.B.A. and
a bachelor’s
degree from Cornell University.
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