Richard Boyd

Richard Boyd Email and Phone Number

Early-stage biotech and medtech venture development @ Self-employed
Stirling, GB
Richard Boyd's Location
Stirling, Scotland, United Kingdom, United Kingdom
Richard Boyd's Contact Details

Richard Boyd personal email

n/a
About Richard Boyd

My career has been shaped by a fascination for innovation and product development and how businesses succeed or fail to use these to grow successfully in an increasingly global and competitive world. An engineer by training, my fascination was born as a production engineer and project manager in naval shipbuilding, seeing remarkably complex frigates being designed and built. Following an MBA at INSEAD, I joined PRTM, a firm of operations management consultants that specialised in product development. At PRTM I led major change programmes for many well-known tech companies, involving more than 20 new products, and resulting in dramatically shortened time-to-market and higher new product revenues and profitability.I then founded my own consultancy firm, Mainstay Innovation Management, working with universities and young tech companies to help overcome the particular challenges of breaking into markets with new products, limited resources and no established "brand value".In 2010, I co-founded and became CEO of a medtech business, VueKlar Cardiovascular. We successfully built the business, completing two seed funding rounds, and latterly agreed terms with an acquirer that was forced to abandon its expansion plan. Having failed to raise a multi-million pound 'A' round, we sold the business assets and voluntarily wound up the company.I continue to develop new medtech ventures, the latest being Invizius, a spinout from Edinburgh University.

Richard Boyd's Current Company Details
Self-employed

Self-Employed

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Early-stage biotech and medtech venture development
Stirling, GB
Richard Boyd Work Experience Details
  • Self-Employed
    Early-Stage Biotech And Medtech Venture Development
    Self-Employed
    Stirling, Gb
  • Mainstay Innovation Management
    Board & C-Suite Support To Early-Stage Biotech & Medtech Companies
    Mainstay Innovation Management Jan 2015 - Present
  • Invizius
    Ceo & Co-Founder
    Invizius Apr 2018 - Apr 2024
    Motherwell, North Lanarkshire, Gb
    Invizius is a clinical-stage biotech/medtech business focused on improving the lives of millions of patients with severe Acute Kidney Injury and End Stage Kidney Disease.- Co-founded the company & spunout from University of Edinburgh- Assembled a syndicate of 7 investors (4 VCs; corporate VC; UHNW; Scottish Investment Bank) & raised a total of £12m over several rounds- Raised nearly £2m in competitive grants (2 Biomedical Catalyst & another)- Assembled & led a strong management team which successfully navigated the usual ups and downs!- Assembled a Clinical Advisory Board with world's leading KOLs in the space- Led the company from a product concept with some IP through a successful First-in-Human clinical trial (design; cGMP manufacturing; ICH, bench & ex-vivo testing; regulatory submissions etc)- Assembled large external development structure (CROs, CDMO)- Responsible for product strategy & successfully "pivoted" to multiply company value- Added second product development & secured significant grant funding for early work
  • Vueklar Cardiovascular
    Ceo (And Co-Founder)
    Vueklar Cardiovascular Aug 2010 - Oct 2016
    - Assessed commercialisation options for our platform medical technology, and set the strategy- Built the management team- Engaged with clinicians and built a clinical advisory board- Researched product indications and clinical procedures, competition, market opportunity, reimbursement, regulatory requirements, development plan/costs, etc.; prepared and managed the business plan- Engaged with major players in the sector to validate our strategy and prepare for future trade sale / investor exit; secured 2 development contracts to demonstrate VueKlar's technology and generate early revenue- Competed for and won places at prestigious investor events (UK Future Health Mission to the US, UK & Ireland Tech Tour, EIE, EIE London)- Raised equity and grant funding (£650k raised from 2 investment rounds and competitive, national grant schemes); managed investor communications- Recruited world-class, international suppliers for development/manufacturing/clinical testing; negotiated contracts- Managed our lead product specification and its development (internally and externally with suppliers)- Negotiated and prepared the sale of the company to a publicly-listed company (ASX: RHT)- Bought and managed a patent portfolio (several US/EP/JP patents awarded); assessed freedom-to-operate- Responsible for financial management and cash conservation- Ensured the solvent winding up of the business; managed the sale of patents
  • Mainstay Innovation Management
    Business Development Consultant (Md And Founder)
    Mainstay Innovation Management Dec 2002 - Jul 2010
    - Founded and grew this boutique consultancy and interim management business- Provided tailored business development and commercialisation services to technology-based companies and Universities/Research Institutes- Established a network of almost 20 top-class consulting professionals, in order to provide clients with the required mix of functional expertise and market knowledge- Responsible for Mainstay's business development, and for client/project managementSee the document attached below for selected projects & experience
  • Prtm
    Operations Management Consultant (Associate / Manager / Principal Levels)
    Prtm 1994 - 2002
    - Worked as an operations management consultant implementing dramatic improvements to clients' technology and product development functions to increase their return on R&D investment. Projects spanned both product strategy and product development processes- Sold and led several major projects for a variety of technology companies, in the electronics, telecommunications, defense and semiconductor sectors- Led programme teams of consultants and clients through complex, long-term, change management - sometimes across multiple sites and countries- This work resulted directly in $100m's of additional revenue & profit for the clients by reducing time-to-market (by 20-50%), making new products more successful, increasing productivity (by 10-30%), and reducing wasted development spend (through early project cancellation)- See the document attached below for selected projects & experience- Promoted from Associate to Manager in 1997; from Manager to Principal in 1999- I was given the Pittiglio Award - the firm's highest honour for outstanding all-round performance- As a Principal, I sourced, sold and led engagements with a fee value of more than $1m / year- As a Manager, I managed PRTM’s European product-development practice (internal skills development; external marketing activities)- As an Associate, I managed PRTM's European recruitment, contributing to 25% pa growth of the firm
  • Bae Systems
    Design Project Manager
    Bae Systems 1992 - 1993
    London, Gb
    - Project managed the Design Phase of a new frigate
  • Bae Systems
    Production Engineer
    Bae Systems 1990 - 1991
    London, Gb
    - Assessed and implemented manufacturing improvements (naval ship construction)- Conceived and led a “Design for Manufacture” project during the specification of a new frigate, saving millions of pounds in material costs and rework

Richard Boyd Skills

Product Development Business Strategy Start Ups Strategy Management Strategic Planning Product Management Business Development Medical Devices Business Planning Process Improvement Marketing Strategy Entrepreneurship Outsourcing Change Management Management Consulting Marketing Training Project Management Program Management It Strategy Telecommunications R&d New Business Development Consulting Cross Functional Team Leadership

Richard Boyd Education Details

  • Insead
    Insead
    Master Of Business Administration (M.B.A.)
  • University Of Oxford
    University Of Oxford
    Engineering Science

Frequently Asked Questions about Richard Boyd

What company does Richard Boyd work for?

Richard Boyd works for Self-Employed

What is Richard Boyd's role at the current company?

Richard Boyd's current role is Early-stage biotech and medtech venture development.

What is Richard Boyd's email address?

Richard Boyd's email address is rb****@****ion.com

What schools did Richard Boyd attend?

Richard Boyd attended Insead, University Of Oxford.

What are some of Richard Boyd's interests?

Richard Boyd has interest in Social Services, Education.

What skills is Richard Boyd known for?

Richard Boyd has skills like Product Development, Business Strategy, Start Ups, Strategy, Management, Strategic Planning, Product Management, Business Development, Medical Devices, Business Planning, Process Improvement, Marketing Strategy.

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