Working for a medical device company, he was constantly fielding calls from doctors who wanted to develop and market their inventions. After pursuing venture capital funds, Gianneschi gathered up some private financing and launched Hatch Medical out of his home in March. Hatch basically provides project leadership through a network of partners which include patent attorneys, biomedical engineers, which can help develop the product, and medical device manufacturers. Most manufacturers are willing to help along a product that has already been built and proven, but seldom have time to coax it through the initial development stages, Gianneschi explained. Typically, incubators will pay a physician for his idea, and the doctor gets a cut of the royalties if the product makes it to market.
Hatch works in the reverse, assuming the risk to help a doctor get a product on the shelf.
So far, Hatch has two full-time employees and four physician advisors in addition to a network of partners. Another Gainesville senior housing facility may be expanding. Owners of Autumn Breeze Personal Care Home Inc. have filed for state permission to add 20 beds to the existing 55-bed facility. Company president Steven Dye said the expansion is part of the original five-year plan for the center, which was built three years ago. If the state certificate of need application is approved, construction could near completion by spring of next year, he said.