Turning innovative ideas and designs into reality
Ted Mosler is a young entrepreneur who has combined his engineering and technology skills to create a cutting edge company within the biomedical field. Mosler is President and Chief Technical Officer of Gilero Biomedical, a product innovation company specializing in high-volume disposables and other plastic and silicone medical devices.
The company, which was started in 2002, got its unusual name from Mosler’s idea to combine the last syllables of the three original owners’ names: Todd Korogi, Ted Mosler, and Andrew DiMeo. Mosler jokes that “Gilero” was the one combination that was pronounceable.
The work Gilero Biomedical does is very technical, involving a team of around thirteen engineers, including mechanical, biomedical, industrial and chemical, as well as industrial designers. The company provides design and development services of plastic and silicone medical devices for their clients.
“We focus on product development, and we provide engineering services on a time-materials basis, basically from the initial concept to commercialization of a product,” explains Mosler. “So, we might do the whole thing, or we might do a piece of that.”
Gilero Biomedical has clients both local and global and the scope of its projects range dramatically.
“It varies from the independent inventor, who perhaps is a doctor doing a day job, and they’ve got ideas and they want to turn their ideas into products to retire early someday,” says Mosler. “We have other inventors like parents of children who, maybe their child was in the hospital, and they got an idea. It ranges from that single person up to, say a multi-billion dollar pharmaceutical company who has a new drug or an existing drug, and they need to differentiate that existing drug by delivering it via a device.”
The device that Gilero Biomedical then creates may help improve the drug’s safety or efficacy, which differentiates it from competitors and adds value to customers. Another sc
enario might be a large medical device company that has its own development team but needs extra research resources for an innovative project. That’s where Gilero Biomedical comes in.
The company currently does not manufacture products in-house, and this is something that Mosler says has an advantage.
“We pride ourselves on the ability to design products without kind of a myopic view for what production process or technique would be required,” he explains. “So, if we had those techniques behind the door, in the back, I might be more apt to design it to make sure it fits with my processes. The hire has to make sure that it’s designed well and right, and then we will find the right manufacturer to make it, or we will make sure it fits within their processes they have in-house.
Though Gilero Biomedical doesn’t manufacture, Mosler is quick to explain that it is not just a design house, but rather a full development company that take projects from front-end design all the way to commercialization.
“We have two labs here,” he says. “One is what we call a product development lab, so it’s a full test lab. And I know that it surprises people to see some of those testing capabilities that we have in-house. We also do the regulatory filings. It’s uncommon. We’ll actually write and submit 5 and 10Ks on behalf of our clients.”
Mosler’s background guided him toward his field in a rather direct way. He worked through college as a project engineer in an oil refinery, but says that work was to secretive for his taste due to all the security precautions. After graduating with his Bachelor of Science in mechanical engineering from the University of Toledo, Mosler and his wife moved to Raleigh in search of good weather and a strong job climate.
Mosler began working with Alaris Medical Systems, where he fell in love with product development and met Ted Korogi and Andrew DiMeo Mosler, who were to become his business partners. While working at Alaris, Mosler received his MBA from N.C. State in technology education and commercialization, a focus which helped launch him into starting his own company.
Today, Gilero Biomedical has sixteen employees who work together very closely on projects that are taxing by nature.
“It can be a little stressful. Todd coined the phrase, ‘If people wanted it done slowly, they wouldn’t give us a call.’ So, we’re always having to do it quickly. We have to meet timelines and budgets, and that’s where the stress comes from in my view. But it’s very rewarding.”
At only age thirty-six, Mosler has 32 U.S. patents to his credit and more in the works. He is the named inventor on all of these patents, a majority of which came through Gilero Biomedical. The business model for Gilero Biomedical is to sign all intellectual property over to their clients. One of the company tag lines regarding intellectual property is, ‘Your IP is your IP,’ and this is a perk that appeals to many clients. Thus, Mosler is listed as the inventor on a patent, and his client is listed as the owner or assignee.
2011 has been a good year for Mosler. He was voted one of the top 50 Catalyst Entrepreneurs in RTP, an accolade he shares with other prominent local entrepreneurs including the CEO of SAS Institute, Inc. Mosler says he anticipates more growth for Gilero Biomedical in the coming years. The company is actively hiring and also expects to build more partnerships with manufacturing companies, as well as look for other regions to focus in and develop satellite offices.
“We have space here. We have growth and we have things to do here in Research Triangle Park, but I can see manufacturing partnerships happening,” says Mosler. “No, we don’t make the products today, but there are global manufacturers who have approached us and we want to consider those things.”