TMC Innovation Institute leader leaves the organization
Erik Halvorsen, director of the Texas Medical Center's Innovation Institute, has left his position, according to multiple reports.
TMC's medical device innovation team lead, Lance Black, was named as the interim replacement for Halvorsen, according to Xconomy. Black has been with TMC for almost two years.
Neither Halvorsen nor Black could not be reached for comment. This article will be updated as more information becomes available.
Halvorsen has lead the organization since 2015. Before that, he worked in various health technology focused roles in Boston. He oversaw TMC's accelerator program, TMCx. The program graduates around 20 companies per cohort, and there's two cohorts each year — one focused on medical devices, which just concluded with the Nov. 15 Demo Day, and the other, which is about to launch, focused on digital health. TMCx was recently given silver recognition from the Seed Accelerator Rankings Project.
In an interview with InnovationMap earlier this month, Halvorsen talked about his career and Houston's medical innovation ecosystem.
"One of the things that I knew moving to Houston from Boston was that the investment environment for life sciences wasn't as robust as Boston," he said in that interview. "I knew coming in that was going to be a bit of an issue. I also felt like we had the raw materials, that if we ran our program the right way and attracted those companies we needed, the dollars would flow. And that's really been the case."