Project Management

Closing Deals And Closing Incisions

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Executive Summary

For surgeon Jafar Hasan, MBA '06, the term "closing" took on new meaning recently when he secured funding to commercialize his own medical invention. Surgimatix is the decidedly catchy name of a handheld device Hasan designed to close surgical wounds with the speed and ease of a skin stapler but with the quality and minimal scarring of manual sutures. Hasan built and refined the device at home after closing thousands of wounds during his surgical residency at University of Michigan Hospitals and Health Centers. When he sought seed funding to help bring the device to market, he knew exactly where to turn: the Frankel Commercialization Fund at Ross. As a former member of the student-managed venture capital fund, Hasan was able to approach the financial side of this procedure with the savvy of an enterprising entrepreneur.

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