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Too often we define the Medtech sector by the number of dollars raised, IPOs helped or companies sold. But the focus neglects the very foundation of the sector - the People. Join the Medtech Talk Podcast each week to hear from entrepreneurs, investors and executives who spend their days developing the tools that make sick people well and health care more efficient.

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

July 14, 2016

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.

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.