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Tech-business guru good fit for incubator BCC

March 1, 2012
Author: Martin Cash

For a business incubator such as BCC (Biomedical Commercialization Canada), a guy like Ed Richmond is a godsend.

Richmond, 55, is a senior management executive who most recently was chief operating officer at Imris Inc. Prior to that, he held increasingly senior positions at StandardAero.

Richmond retired from Imris after a five-year stint last fall and has become executive-in-residence at BCC.

Richmond will help develop some of BCC's technologies -- some of them orphaned -- from a point where there might not even be a semblance of a business plan into a commercialization model that could be developed into a real, sustainable business.

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"Ed gives us the capacity to pick up on innovations that occur here locally, but we would not otherwise have the management capacity to drive through to commercialization. There is tons of innovation here but very few companies formed around those innovations." -Marshall Ring