January 24, 2017

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Medtronic Pacemaker

Medtronic Pacemaker

Founders:
Wilson Greatbatch
Year Founded:
Industries:

Website:
medtronic.com

Featured Products:


Minimed Travel Pack



PACEMAKER Medical ID Alert Bracelet
Medtronic

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What they do:
Manufacture Heart Pacemakers

Inspiration:
Wilson Greatbatch was fascinated by electricity, and as an engineering student he became familiar with the electrical signals that keep animal hearts beating. One day in 1956, while building a heart-rhythm recorder, he installed the wrong size resistor into the device. Instead of ripping it out, he listened in amazement to the circuit it produced --- the irregular rhythm of a human heart.

About the business:
Greatbatch wondered if a small device like this, implanted in a human body, could control a beating heart. So he went to work -- with no government grants and no corporate funding. Just $2,000 in savings, a vegetable garden to feed his family, and a barn behind his house. That’s where the implantable heart pacemaker was born. Greatbatch licensed his pacemaker to the Medtronic Company --- and the rest is history.

Axioms:

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