A typical entrepreneur accepted into the competitive startup incubator at the Fogarty Institute for Innovation in Mountain View, CA might be an engineer from the Stanford Biodesign Program, a formal academic program that trains students to invent medical devices. But Dr. Thomas J. Fogarty, who founded the Fogarty Institute in 2007, says he’d be equally open to a great idea that came from a hospital nurse, or even an orderly. “It could be anybody,” says Fogarty, the cardiovascular surgeon who invented the groundbreaking balloon catheter for clot removal in 1960. “Great ideas do not reside within any given institution—it resides within the person,” he says.
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