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Yossi Gross יוסי גרוס | |
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Yossi Gross | |
Born | February 5, 1947 Budapest, Hungary |
Occupation | Entrepreneur |
Children | Amir Gross, CEO, Valtech Inbal Gross, Interior design |
Website | Rainbow Medical web site |
Yossi Gross (Hebrew: יוסי גרוס; born February 5, 1947) is an Israeli inventor and entrepreneur. He is a founding partner of Rainbow Medical, an operational investment company, established to launch companies based on the technological ideas and inventions of Gross. Yossi Gross is the founder of multiple medical device companies based on his various inventions in active implantables, neurostimulation, signal processing, nanotechnology, and drug delivery. Gross's various companies have developed or are currently developing treatments for diabetes, gastroenterology, stroke, ophthalmology, asthma, congestive heart failure, and urology. Gross has over 800 filed patents. Companies based on his inventions collectively garnered over $1B dollars in acquisitions.
Biography
Yossi Gross was born in Budapest, Hungary. He immigrated to Israel, with his Holocaust-survivor parents, at the age of three. His parents and family live in Moshav Mazor. Gross received an MSc degree in 1976 in aeronautical engineering from the Technion Israel Institute of Technology in Haifa, Israel.
Engineering, inventing, and business career
Following his graduation from the Technion in 1976, Gross joined Israel AirCraft Industries where he began to work as a flight test engineer from 1977 to 1985. Gross was on the management team of the IAI Lavi project, a program tasked to design and build a fighter jet, similar to the F-16, for the Israeli Air Force. The program was later cancelled.
In 1985, Gross opened General Ideas and Products Ltd., where he developed several small electric consumer appliances. From 1988 to 1995, Gross also directed the R&D operations of Scientific Innovations.
Gross's first medical creation was a small mini-pump to deliver drugs which he developed in an equally owned joint venture with Elan Corporation called Elan Medical Technologies, a subsidiary of Elan Pharmaceuticals. Gross spent most of the 1990s working at Elan developing drug delivery systems, the patents of which are assigned to Elan. In 1998, Elan bought Gross out. He stayed on for a short while as the vice president of research and development, before leaving to begin building his own business.
Companies
From the late 1990s to date, Gross launched over 36 separate medical device companies, all based on his patents and inventions. Examples of these companies are listed below by indication.
- Neurostimulation
- Bluewind Medical, tibial nerve stimulation for overactive bladder
- DisCure, degenerative disc treatment
- Brainsgate, acute stroke treatment
- Enopace, diastolic heart failure treatment
- BioControl Medical, systolic heart failure system
- Cardiovascular
- Valtech Cardio, minimally invasive mitral valve repair technology, acquired by Edwards Life Science
- Cardiovalve, mitral valve replacement, acquired by Venus Medtech
- Diabetes
- Beta-02 Technologies, treatment for insulin-dependent diabetes,
- BetaStim, new neurostimulation treatment for diabetes,
- Drug Delivery
- TransPharma Medical, active transdermal drug delivery system,
- E-Pill, oral delivery of large molecule drugs,
- Gastroenterology
- GI View, devices for diagnosing and treating gastrointestinal disorders,
- DuoCure, Obesity therapy,
- Ophthalmology
- VisionCare Ophthalmic Technologies Inc., miniature telescope for age-related macular degeneration (AMD)
- Ophthocare, electronic eyeglasses for lazy eye in children
- Nano Retina, Retina implant
- Remote Patient Supervision
- EarlySense, contact-free, continuous, patient supervision system for hospital and home use
- BioMetrics
- IDesia Biometrics, authentication technology solution based on electro physiological signals
Rainbow Medical
Rainbow Medical, based in Herzliya Pituach, Israel, was launched in 2007 with funding from GlenRock Israel, NGN Capital, SVM Asset Management and individuals. Rainbow Medical has aspects of a venture fund and a US-style incubator. Rainbow mainly supports the technology ideas of Yossi Gross. Rainbow Medical finances its start-up companies at their beginnings. Subsequent investment is done on an individual company basis through both outside investors and select Rainbow investors.
Memberships
Gross is a member of the Israeli Life Science Association.
References
- ^ "Abigail K. Leichman "I thought I could do it better",Israel21c, August 10, 2009".
- ^ "Jacques Ungar, "Rainbow Medical, A die hard Optimist",Tachles, July 10, 2009".
- ^ "Mary Stuart, "The Creative Mind of Yossi Gross, Medical Device Inventor," Start-Up 10/2006, Art# 2006900195" (PDF).
- "United States Patent and Trademark Office".
- ^ "Jonathan Matsey, "Rainbow Medical Hunts $10M To Launch More Med Device Cos.," Dow Jones Venture Wire, June 10, 2009".
- ^ Press, Viva Sarah (2016-11-29). "Edwards Lifesciences to acquire Valtech Cardio for up to $690 million". ISRAEL21c. Retrieved 2023-08-17.
- ^ Devarasetti, Hasini (2021-12-08). "Venus Medtech to acquire Cardiovalve for $300m". Medical Device Network. Retrieved 2023-08-17.
- ^ "David Cassak, "Rainbow Medical: Entrepreneurial Efficiency in Medical Devices," Start-Up, Features, September 2008, A#2008900167".
- "BlueWind Medical | Patient Centric Tibial Neuromodulation for UUI". Blue Wind Medical. Retrieved 2023-08-17.
- "The Israeli Life Science Association web site".
Bibliography
- "David P. Hamilton, "VisionCare's implantable microtelescope-a bionic eye for AMD-related blindness," VentureBeat, August 22, 2007".
- "David Brinn, "Scoping out a clearer future for AMD sufferers," Israel21C, October 30, 2005".
- "Joe Mullings, "TrueFuture Season 4"". YouTube.
External links
Categories:- 1947 births
- Living people
- Hungarian emigrants to Israel
- Hungarian Jews
- Israeli aerospace engineers
- Israeli chief executives
- Israeli company founders
- Israeli inventors
- Israeli investors
- Israeli financiers
- Israeli Jews
- Jewish engineers
- Private equity and venture capital investors
- Technology company founders
- Technion – Israel Institute of Technology alumni