Joseph McGinley, founder and CEO of McGinley Orthopedics, trains a surgeon on the
benefits of IntelliSense Drill Technology. McGinley Orthopedics, the first incubator
business at the Casper Area Wyoming Technology Business Center, has been named the
International Business Innovation Association’s 2016 Outstanding Hard Science Incubator
Client of the Year. McGinley Orthopedics developed the medical drill technology pictured.
(Brian O’Doherty Photo)
A client of the University of Wyoming’s Wyoming Technology Business Center in Casper
has been named the International Business Innovation Association’s (InBIA) 2016 Outstanding
Hard Science Incubator Client of the Year.
McGinley Orthopedics was the first client of the Wyoming Technology Business Center
(WTBC) Casper Area Incubator. The WTBC is a UW business development program that focuses
on developing early-stage, technology-based companies with an emphasis on high-growth
firms. The program helps client companies grow larger and faster than they would otherwise,
and increases the ability of the entrepreneurs to manage and grow their business.
In addition to the Laramie site, business incubators are located in Casper and Sheridan.
“Dr. Joe and his team have done a great job. They have taken a concept and brought
it to market; and they did it in the medical device field, which requires extensive
FDA approval,” says Joseph Bennick, director of the Casper Area Incubator. “The WTBC
is honored to have McGinley Orthopedics as a client, and the company’s reputation
has influenced the entrepreneurial ecosystem in Casper. It’s encouraging to have people
call the WTBC and ask about the incubator program because they read about McGinley
Orthopedics in the news.
“In fact, one of the five finalists in the WTBC Casper Start-Up Challenge was inspired
by McGinley Orthopedics’ accomplishments,” Bennick adds. “It’s exciting to witness
new clients starting businesses because of existing clients.”
“It’s a great honor for our company to receive this award,” says Joseph McGinley,
founder and CEO of McGinley Orthopedics. “We have worked with the WTBC, really from
the start . This shows what types of possible outcomes you can have with collaborations
between a university and private business.”
McGinley Orthopedics has 11 employees at its incubator headquarters, where it started
in June 2013. This includes a full engineering staff and an additional 21 employees
at McGinley Manufacturing in Glenrock. The company’s flagship product, IntelliSense
Drill Technology, is an orthopedic drill that features an auto-stop on the far side
of the bone; automatic depth measurement to tell surgeons accurate screw size; and
In-Sight Surgical Lighting, which eliminates the surgical field. The product is on
the market, and its technology benefits patients across the country.
InBIA is the world’s leading organization advancing business incubation and entrepreneurship.
InBIA helps communities enable entrepreneurs to transform their dreams into innovative
businesses that make global prosperity a reality. InBIA judges look for companies
that have developed particularly effective innovations and have accomplished their
missions.
