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Innovatia Medical Systems LLC

High performance wirelessly networked miniature in vivo medical devices to create paradigm shifts in minimally invasive surgery.

  • Stage Product In Development
  • Industry Medical Devices and Equipment
  • Location St. Petersburg, FL, USA
  • Currency USD
  • Founded March 2010
  • Employees 7
  • Website gust.com

Company Summary

IMS designs miniature wirelessly networked devices for Minimally Invasive Surgery. Laparoscopes provide an extremely limited field of view increasing the probability of undetected collateral damage and interfere with surgical instruments. IMS’ HD video cameras provide simultaneous close-up imaging of the surgical site and imaging of the entire abdominal cavity giving surgeons visibility comparable to that of open surgeries, and are disposable.

Team

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    Peter Savage, MS
    Co-Founder and CEO

    E&Y So Cal High Tech Entrepreneur of the Year / VP Eng of 4, COO of 2, CEO of 9 tech companies / Raised >$225M in 8 financings / 18 joint developments/channel partnerships with >$220M in funding / Restarted 2 companies returning more than 25:1 at ADAX and increasing pre-money valuation 3x at Hammerhead / ADAX’s T3AS system: UCSD–CONNECT – Most Innovative New Product / XLGX’s disk controller: EDN Magazine – Best Computer and Peripherals Product

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    Richard Gitlin Sc.D.
    Co-Founder and CTO

    State of Florida 21st Century Scholar, Agere Systems Chair, Distinguished Professor, Department of Electrical Engineering, University of South Florida / Bell Laboratories – Lucent Technologies, Senior Vice President for Communications and Networking (retired) / Co-inventor of DSL / Member, National Academy of Engineering / Fellow, IEEE / Bell Laboratories Fellow / 100+ peer reviewed publications / H index = 45 / 55 issued patents, 5 pending

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    Alexander Rosemurgy, MD
    CMO

    Southeastern Center for Digestive Disorders and Pancreatic Cancer, Advanced Minimally Invasive and Robotic Surgery, Florida Hospital; was Surgical Director, Center for Digestive Disorders, Tampa General Hospital; was Professor, Department of Surgery, Assoc. Dean, USF; Did the 1st Laparo-Endoscopic Single Site Surgery-2007 and the first Natural Orifice Translumenal Surgery under local anesthesia-2009; 300+ peer reviewed publications; H index = 30.

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    Sharona Ross, MD
    CMO

    Southeastern Center for Digestive Disorders and Pancreatic Cancer, Advanced Minimally Invasive and Robotic Surgery, Florida Hospital; was Asst. Professor, Department of Surgery, Director of Endoscopic Surgery, USF College of Medicine; was at the Center for Digestive Disorders, Tampa General Hospital; is the Founder and Director of USF Women in Surgery.

Advisors

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    Curt Creely, JD, Partner, Foley and Lardner LLP. Member of the Transactional & Securities and Private Equity & Venture Capital Practices. Member of the Life Sciences and Emerging Technologies Industry Teams.
    Lawyer
    Unconfirmed
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    Dennis Thomas, CPA, Managing Partner, CPA Partners LLC; previously, partner of a large accounting firm, CEO of several private companies; management advisory services in sales mergers and acquisitions, venture capital funding and international structures.
    Accountant
    Unconfirmed

Previous Investors

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    Richard Gitlin and Peter Savage
    Co founders, CTO and CEO
    Unconfirmed
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    National Science Foundation
    Unconfirmed
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    Florida High Tech Corridor Council
    Unconfirmed
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    University of South Florida Research Foundation
    Senior Licensing Manager -- Patents and Licensing
    Unconfirmed