Jun 18, 2021
Larry Miller just retired from his 14-year post as Innovation Works' Managing Director of Life Sciences. We wanted to learn more about Larry and his work helping to build Pittsburgh's life sciences and technology sectors.
During his tenure at Innovation Works, he worked with the
management teams of early-stage life sciences and medical device
companies and other start-ups. Larry helped entrepreneurs address
their critical business issues including product and business
development, fundraising, sales and marketing, and strategic
planning. Some of these high potential enterprises receive grant or
investment funds and become members of the Innovation Works
investment portfolio. For portfolio companies, Larry provided
mentoring and network access, and may serve as an observer on the
board of directors.
Larry has more than 20 years experience in leading and managing medical device companies to identify commercializeable IP and accelerate product development, raise venture capital, manage cash flow, identify market opportunities and generate sales, sustain profits, and implement productivity and quality improvement practices. His background includes 16 years of P&L and balance sheet management of divisions as large as $600M in sales to as small as a skunk works product development team designing novel permanent magnet based MRI systems.
Prior to joining Innovation Works, Larry was President and CEO of Biomec, a privately held technology accelerator and investment company which raised over $20M in SBIR grants and provided contract engineering and manufacturing as well as business development consulting for radiology product manufacturers and distributors.
Previously, Larry was President of the Healthcare Products group at Picker International and Philips Medical systems, a $600M distributor of radiology supplies. He also managed the Asia/ Pacific region for sales and service of the diagnostic imaging product portfolio, and was president of the Picker Financial Group, a JV, captive leasing company. Other experience included leading the marketing and sales of CT and MRI products for Picker and General Electric Medical systems. Larry is a member of the Coulter Oversight Committee. He is an active volunteer in the Reading is fundamentals program and in Entrepreneuring Youth. Larry serves a s a judge for the Pennsylvania Junior Academy of Science and for the Pennsylvania Regional Engineering and Science Fair, both organizations support STEM programs.