GRAND RAPIDS – TransCorp Inc, which develops novel surgical instruments and implants, received funding from a group of Michigan investors. But no one is saying how much TransCorp got.
TransCorp’s new home is the West Michigan Science & Technology offices at Grand Valley State University’s Cook-DeVos Center for Health Sciences. Leading the funding was EDF Ventures. Other participants included Grand Angels, and Hopen Therapeutics LLC.
“Mike DeVries at EDF is clearly one of the leading medical device
investors in this region,” said David Lowry, M.D., TransCorp founder. “Mike
knows the medical device space very well, and EDF has a proven track record
as a solid investor.”
Supporting innovative companies like TransCorp is what the West Michigan Science & Technology Initiative does, said CEO Linda Chamberlain.
“We are happy that we were able to provide the space they needed to get started and make any connections or collaborate with other clients and tenants to help TransCorp achieve their goals.”
TransCorp was co-founded by David Lowry, M.D., a neurosurgeon with the
Brain + Spine Center in Holland., Scott Tuinstra, PA-C, a physician
assistant with the Brain + Spine Center, Roger Veldman, associate professor
of engineering in the Department of Engineering at Hope College and Des
O’Farrell who will serve as president of the new company.
As part of the deal, EDF? DeVries has been named to the TransCorp board, as has Mark Olesnvage of Hopen Therapeutics. DeVries will serve as chairman of the board.
“Innovation in medical devices and the venture capital investments that
support them are a vital component to West Michigan’s long-term economic
success,” said Birgit Klohs, president and CEO of The Right Place, Inc., an economic development organization in West Michigan.
invests in early-stage health care companies. EDF has offices in Grand
Rapids and Ann Arbor.
The West Michigan Science & Technology Initiative is a
partnership among Grand Valley State University, Van Andel Research
Institute, the City of Grand Rapids, Grand Rapids Community College, The
Right Place, Inc., and health care providers and educators.
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