Maureen L. Mulvihill, Ph.D., President, and CEO of Actuated Medical, Inc. (AMI)
In 2006, while sitting in a doctor's office talking about micro-actuators, the doctor said, "I have a clinical need. I have 6 hours to get to the blood clot or my patient will have irreparable brain damage. I need a solution." That was it... There was a market need for an agile small business with electronically controlled actuation expertise. Therefore, Maureen co-founded Actuated Medical, Inc. (AMI) with a mission to integrate motion into medical devices to improve patient outcomes. Over the last 11 years due to changes in the market, she has led the transition of AMI from a concept-prototype company to a fully-integrated medical device company that develops, manufactures and sells its own devices. Her leadership style focuses on a strong corporate culture, teamwork and a vision of improving patient outcomes. She works with clinicians and strategic partners to ensure AMI’s products are viable in real-world settings. She is an out-of-the-box thinker that uses many sources of financing (e.g., Small Business Innovation Research (SBIR), Pennsylvania state economic development convertible-debt, personal monies, SBA and personal guaranteed bank loans, and Angel investment) to grow AMI. Recently, she was appointed to the AdvaMed Accel BOD to represent small emerging medical device companies. Maureen has been recognized nationally and internationally for her entrepreneurial leadership. She is an alumni of the Goldman Sachs 10k Small Business program and has been a Finalist for the Ernst and Young Entrepreneur of the Year® Award twice. In 2015, she was awarded Entrepreneur of the Year by the CBICC. In 2016, she received a Bronze Stevie Award for Female Entrepreneur of the Year. In 2017, she was a U.S. Delegate to the 2017 Global Entrepreneurship Summit in Hyderabad, India. In 2018, she received 2nd Place Top Entrepreneur at Invent Penn State and was a finalist for Business Leader of the Year by the CBICC. She received her Ph.D. from Penn State University in 1996.