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TMC’s Halvorsen Exits Innovation Institute in Houston

Xconomy Texas — 

[Updated 12/13/18, 7:20 p.m.] Erik Halvorsen, who led the Texas Medical Center’s Innovation Institute, is out as director of the institute.

Lance Black, the institute’s medical device lead, became the interim director Thursday, Black confirmed. He declined to comment further. Halvorsen, a veteran of the Boston biotech scene, joined the TMC nearly three years ago to helm the medical center’s innovation efforts, including directing its TMCx accelerator. The program works with early stage medical device and health IT companies. He also joined the board of the TMC Venture Fund last year, established to invest $25 million in biotech startups.

[Updated] Bill McKeon, TMC CEO, declined to comment Thursday evening.

The TMC has taken a lead role in developing Houston’s life sciences ecosystem in the last few years and Halvorsen was an active participant in innovation programs throughout the city, including efforts like Houston Exponential.