Texas Medical Center hires start-up veteran Thomas Luby, Ph.D., as director of TMC Innovation Institute
HOUSTON, TX – Texas Medical Center has announced the hiring of Thomas Luby, Ph.D., as the new Director of TMC Innovation. Luby will spearhead the next phase of growth, focused on scaling the success of the programs in place, as TMC continues to propagate its robust and multi-faceted health care innovation ecosystem.
Luby joins TMC Innovation from JLABS @ TMC, part of the Johnson & Johnson Innovation family, where he served as site head and played a critical role in creating a place where start-ups could translate science and technology into valuable solutions for patients and consumers across the pharmaceutical, medical device, and consumer health technology sectors.
“I am very excited to begin the next chapter in my journey at TMC Innovation,” Luby commented. “My time at JLABS @ TMC has shown me the tremendous opportunity there is to work with a host of talented people and companies here in Houston. Now, I’m ready to expand my role and help take TMC Innovation as a collective unit to the next level.”
Previously, Luby was New Ventures Lead at Johnson & Johnson Innovation, Boston, where he was instrumental in closing many deals with pharmaceutical and consumer companies and supporting the JLABS sites in Toronto and Boston. In addition, Luby spent 14 years in various R&D and business development positions, including Senior Director of Research Ventures at Shire. Nine of those years were spent working in R&D and operational roles across three start-up biotech companies in the Boston area.
“With major developments in 2018, including the announcement of the forthcoming TMC3 translational research campus, Texas Medical Center is now on the fast track to becoming the third coast for life sciences, and TMC Innovation is a critical component in the ultimate realization of this goal,” commented Texas Medical Center, President and Chief Executive Officer, Bill McKeon. He added, “Tom Luby is an outstanding individual, and his proven track record working with startups in Boston and within the walls of JLABS @ TMC will serve him well as he leads us through the next evolutionary phase of the TMC Innovation Institute.”
Since its debut in October of 2014, TMC Innovation has become a powerhouse for all facets of the entrepreneurial maturation process for startup companies in the health care space. The 251 companies entering the sphere of TMC Innovation to date have experienced a multitude of successes, including 371 customer engagements, 3 companies launched form the Biodesign program, and more than $900 million in total raised or committed funding across all companies, including 10 investments from the TMC Venture Fund, a $25M fund that aims to help fill the early-stage funding gap in Houston.
The TMC Innovation organizational umbrella contains a network of parts that contribute to the greater good of solving today’s most pressing medical problems through cutting-edge solutions. These individual entities include the TMCx accelerator – currently in the midst of its eighth cohort of startup companies – alongside incubators in the forms of Johnson & Johnson Innovation – JLABS, The Johnson & Johnson Center for Device Innovation, and TMCx, growth capital through the aforementioned TMC Venture Fund as well as the soon-to-launch TMCxi, and corporate partnerships with Johnson & Johnson and AT&T.
ABOUT TMC INNOVATION
The TMC Innovation Institute is shaping the future of health care by uniting promising innovators with the best minds in academia, science and medicine. Its programs help startups streamline the development of therapeutic, diagnostic, medical device and digital health breakthroughs in world’s largest medical complex. Collectively occupying nearly 300,000 square feet of space within the former Nabisco factory campus, TMC Innovation entities focus on bringing the best solutions to unmet health care needs to the Texas Medical Center by providing tools and action plans necessary to move products and companies forward, regardless of development stage. TMC Innovation also lowers the barriers of access to hospital stakeholders and key opinion leaders across the TMC campus. In addition, no medical center offers as many opportunities to discover solutions that are shaping the future of health care as the Texas Medical Center. For more information, please visit www.tmc.edu/innovation.