Perfecting the Fast-Follower Strategy – How Blue Belt Built & Sold a Successful Robotics Business

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EPISODE 034

Eric Timko, the former CEO of Blue Belt, shares how the company used MAKO’s wake to build a market for its surgical robot and sell the business to Smith & Nephew. Timko explains the company’s fast-follower strategy and shares what he’s looking to do next.

Podcast Guest

Eric Timko

Eric Timko

Former President & CEO

Blue Belt Technologies

Mr. Timko joined Blue Belt in August 2011, bringing with him over 20 years of experience in the medical industry, and lead Blue Belt through the transition from a development stage company to a commercially driven company achieving over $10 million is revenues in the first full year of commercialization. This resulted in the recent acquisition of Blue Belt by Smith and Nephew for $275 million. Prior to joining Blue Belt, Mr. Timko served as President and CEO of NeuroVasx, Inc., President of Carl Zeiss Surgical, Inc., and as Vice President of Siemens Medical Systems, Inc. Mr. Timko possesses a proven track record in building an effective and profitable organization and brings vast experience in medical technologies at both the start-up and commercial stages and across many specialties such as orthopedics, neurosurgery, ophthalmology and several others.

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Meet Our Host

Geoff Pardo

Geoff-Pardo

Geoff has been in medtech for over two decades in both operational and investment roles. He is passionate about the industry potential and sharing stories from the front lines of innovation.

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