When BIC spins off a company from a concept developed by the BIC Team, Balance Innovation Center will maintain some of the equity. We strive to reach a point where we are a self-sustaining enterprise.
About Balance Innovation Center
Bringing together a diverse team of talented engineers and
scientists, creating innovative technologies to launch medical device startups
OUR MISSION
Pushing Past Hurdles
To Reach Our Potential
Balance Innovation Center (BIC) will recruit the top engineers, scientists and medical advisors from around the country to brainstorm challenges in the medical field. Using market research concepts will be vetted for the technologies with the most potential from a market and benefit perspective.
As a team, we will create functional prototypes of concepts and after input from users and our advisors, when appropriate a green light will lead to BIC spinning off a company based on the new technology.
EQUITY
EQUALITY
BIC provides equality for those most likely not being paid an equivalent salary to that of their white male peers. We also provide opportunities in our start-ups for positions not available to under-represented minorities and women.
OUR MANAGEMENT TEAM
Each member of our management team has over 20 years of industry experience in their area of expertise. We all have experienced the challenges of being women, minorities or minority women in the STEM field. We are all passionate about creating an environment where women and minorities do not have to experience the challenges of just being at work so that we can all focus on achieving excellence.
Jill Mari EMbry
Founder/CEO
ver 20 years of medical device and software development experience, leading projects and teams in research and development.
Kennith Shipp
Founder/CTO
over 25 yrs medical device experience leading projects and teams from Medtronic to startups
Siddartha Nava
COO
With over 23 years of experience in executive leadership and full-stack development, Sid Has led global software projects across a range of industries.
Johnathon Davis
CFO
Over 30 yrs finance and banking experience . Chairman of Board for Dabiri Analytics, Inc
Opportunity
The Reality
One of the most exclusive areas of education and employment are the areas of Science, Engineering, Technology and Mathematics (STEM). And yet African Americans, Latinos, Native Americans, and women are present in professional STEM occupations in low numbers, despite the fact that they enter STEM programs in college in equal numbers relative to their white male counterparts.
The Problem
The gender wage gap between men and women is wider in STEM occupations than in non-STEM jobs. Women are clustered in lower-paying STEM jobs in the healthcare industry and under-represented in the more lucrative fields of engineering and computer science. The pattern is similar for Blacks and Latinos, who also tend to be concentrated in less lucrative STEM jobs, widening the measured earnings disparity.
The Hurdle
AÂ report published by Pitchbook revealed that of the over $40 billion of funds raised by venture capital firms, less than 3% of this is allocated to Black and minority-owned start-ups.
A start-up founded by an African-American male may have less than a 1% chance to receive financing from a venture capital firm. However, if the start-up is established by an African-American woman, that figure drastically drops to just 0.2%!
SOLUTIONS
Our Three Tier Solution
Balance Innovation Center
Bring high quality under-represented minority and female engineers and scientists to work with top medical professionals to create innovative medical devices.
Balance Start-ups
When functional prototypes are created, Balance Innovation Center (BIC)Â will spin off a start-up company. Talent from BIC will be as the C-Suite of each start-up. BIC will provide board members, mentors, consulting, and services to the start-ups.
BIC will work with its medical advisors to initiate new concepts, hire new talent and continue the cycle.