We are a
Medical Device accelerator
We are focused on developing innovative solutions to serve large unmet clinical needs.
NuXcel is a global medical device accelerator focused on developing innovative solutions to serve large unmet clinical needs. Mudit K. Jain, PhD., Founder and General Partner of Strategic Healthcare Investment Partners (S.H.I.P), and previously with Synergy Life Science Partners, and Lynn Elliott, a serial entrepreneur and seasoned medical device leader, previously with Spinal Modulation and Guidant/Boston Scientific established NuXcel in 2018.
Our core strength lies in electrically active, smart devices that can sense and treat multiple acute and chronic conditions.
Lean Innovation Model
NuXcel is based on a lean innovation model and works with trusted partners across the medical device ecosystem leveraging nearly 50 years of cumulative relationships in that ecosystem.
With locations in Ireland, Minneapolis, and Silicon Valley, we are truly global in our reach and approach.
Meet the Team
NuXcel is led by medical device veterans who have brought multiple novel medical technologies to the market and helped create world class companies.
Mudit K. Jain
Founder and CEO
Mudit brings two decades of entrepreneurial experiences in medical device industry across R&D, business development, company formation, venture capital, and a global perspective to healthcare based on his experiences in USA, Ireland, and India. Mudit has a unique blend of experiences as a private venture capitalist at Synergy Life Science Partners, and as a strategic investor with Johnson and Johnson Development Corporation (JJDC). Mudit serves on boards of Neurotronik, Ltd., Inspire Medical Systems (NYSE: INSP),
Earlier in his career, Mudit held operational roles at Guidant Corporation’s Cardiac Rhythm Management Division and in
Mudit currently serves on the Board of Visitors at Duke University’s Graduate School, John Hopkins University Coulter Program Oversight Board, and on
Mudit graduated with a B.E. in Electrical Engineering from Regional Engineering College, Nagpur, India (ranked first in his class). He received his Ph.D. in Biomedical Engineering from Duke University, and his M.B.A. from the Wharton School, University of Pennsylvania.
Founder and CTO
Lynn brings three decades of active implantable device experience in medical device innovation, R&D, manufacturing, clinical trials, and regulatory approvals to healthcare challenges. Lynn has a unique blend of experience in large medical device companies such as Guidant and Boston Scientific and small venture capital funded startups like Spinal Modulation, SacraMed, and ShiraTronics.
At Spinal Modulation, Lynn held the position of Chief Technology Officer and was a key driver of defining and delivering an innovative neurostimulation device for the management of chronic pain. Spinal Modulation was acquired by St Jude (Abbott) in a deal valued in excess of $500M.
Lynn holds over 20 US patents and has published numerous articles in
Send a note to Mudit
Send a note to Lynn
Representative companies we have been involved with
What we look for
Our selection criteria for projects is based on following filters:
Large unmet clinical need with motivated patient group seeking therapy
Strong proof of concept of underlying therapy
Existing or emerging reimbursement
Capital efficient development plan with lean innovation drivers as a value builder for all stakeholders
Strong and domain experienced team
ShiraTronics is the first