![]() ![]() This means that the product catalogue will be extended, and furthermore, IMSystems will be able to adapt even quicker to worldwide market needs. IMSystems will use this funding to further commercialize the Archimedes Drive. They thoroughly examine and evaluate each proposal provided by SME’s. The jury panel consists of industry leading experts, investors, and entrepreneurs throughout Europe. A total of 232 companies were interviewed by EIC juries out of a total of more than 1000 applications. ![]() The companies were selected in a highly competitive process, which can be classified as the flagship of European investments. We look for proven economic models that will improve clinical outcomes, reduce inefficiency, drive down costs, and thrive in the transition to value-based care. The European Commission selected innovative deep tech start-ups after this year’s second EIC Accelerator cut-off in June. Archimedes invests in growth-oriented companies positioned to bring sustainable value to the healthcare system. M2O is a portfolio company of Archimedes Health Investors, a private equity firm focused on the U.S. “With this fund, the European Innovation Council recognizes the importance of investing in robotic technologies, which is vital for the growing demand of high precision industrial automation.” He has led teams that supported a broad range of human resource functions including talent acquisition, employee relations, business partnership, learning and development, total rewards, and inclusion and diversity. Founded by Harry Eichelberger, a long-time healthcare private equity investor previously at Oak Hill Capital Management, Archimedes invests on behalf of family. “We are very pleased with this announcement of EIC,” says Jack Schorsch, Founder and CEO of IMSystems and inventor of the Archimedes Drive. Archimedes Health Investors is a New York-based private equity firm focused on supporting high-growth healthcare companies that improve the quality of care and reduce health costs. After UNIIQ, InnovationQuarter participated in 3 follow-on funding rounds through its fund IQCapital. With this funding, EIC shows the importance of automation improvement in further strengthening the position of Europe. IMSystems invented the Archimedes Drive, a new highly precise speed reducer technology which is fundamental to enable the creation of more accurate robotic technologies. Hickey worked at Town Hall Ventures, Archimedes Health Investors and Castlight. UNIIQ was one of the first to recognize the potential of this important technologie that is the first real breakthrough in the world of transmissions in over sixty years. She has a proven track record of investing in healthcare leaders. The European Innovation Council (EIC) invests a total of € 9 million in IMSystems to commercialize the Archimedes Drive. ![]()
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