2021 Candidate Form

Marks_BOD.jpgLloyd Marks, BSEE, MD

Medical Invention Consulting, LLC

Candidate Biography

I am a MIT-trained electrical engineer, Johns Hopkins-trained pediatric cardiologist (both in academia and private practice), Haslam Business school-trained MBA, inventor with 22 medical device patents (nine licensed to industry and eight to my startup with two more pending), entrepreneur with a startup based on one of my inventions (MGI Medical, LLC) and consultant regarding technology assessment for academic institutions, inventors, investors and corporations that seek to commercialize new medical technology.

I am a mentor-in-residence for the Office of Research Commercialization at Rutgers, and a mentor for Project Rebound at Rutgers, where senior design students develop devices for the disabled. I also fund this marvelous project. I also have volunteered to teach ESL in Plainfield, NJ, and currently for the Westfield Senior Advisory Council where I started and run a weekly chat group for shut-in seniors.

Candidate Q&A

What experience do you have working on or with a strategic board of directors?
I was on the Board of Directors of the Association for the Advancement of Medical Instrumentation (AAMI) for 10 years.

Please include a brief description of your volunteer experiences within AUTM.
I just started working with the Finance Committee.

What motivates you to join the AUTM Board of Directors?
I believe I will bring a different perspective to the organization than university technology managers, given my diverse background and significant interactions with tech transfer offices over the years. I have ideas for new revenue streams for AUTM, and believe that AUTM's mission should be expanded to include providing technology assessment services to universities and grants (with partial ownership of royalty streams) for promising inventions. The details of how I would propose doing this exceed the space allotted here.

Have you served in a volunteer leadership role for other organizations? If so, please explain.
Yes.I fund and help direct the Operation Rebound Program at Rutgers, started and run a weekly chat group for socially isolated seniors, and was on the board of directors of AAMI where I started a prize-winning medical device newsletter.

AUTM has recently changed how the Chair is appointed each year, with the Chair now selected from amongst the sitting Board members each year. If elected by the Membership to the Board, would you further consider serving as Chair of the Board. Why or why not?
As I am a new member of AUTM, it is probably too soon for me to be selected for the Board and certainly not for the Chair position. However, I believe I can help this organization strike out in new directions and come up with new sources of revenue, both in the short and long term.

Please list specific personal strengths that you believe are valuable to the AUTM Board of Directors and/or the strategic direction of the Association?
My strongest suit is that I think "out-of-the-box." I am a natural, enthusiastic leader who transmits enthusiasm to the people I lead. This was true when I was a Director of a Cath Lab, a Pediatric Cardiology Division Chief, a Private Practitioner, the founder of a startup medical device company, an AAMI board member, and a consultant to inventors and academic institutions.

What special experience do you have in driving and implementing a strategic plan in other organizations?
Good examples of this include my starting a scientific award-winning newsletter at AAMI, whose primary mission was to develop industry standards and, in my work with the Westfield Senior Advisory Council, helping expand the mission of the organization.

How does the three-year term for the position (both responsibilities and time commitment) fit in with your other responsibilities? Will you have any conflicts of commitment between your full-time position and your volunteer time on the AUTM Board?
It fits in fine. My only specific time commitment is a 21-hour position as a Medical Consultant for the State of NJ Division of Disability Determination, for which I telecommute and make my own hours.

AUTM is committed to addressing issues of equity, diversity, and inclusion both amongst the Board and on behalf of our Members. Briefly describe how your experiences can contribute to the Association’s growth in this area.
I am a strong advocate for diversity as can clearly seen by my choice of friends, associates and politics. I work hard for my Congressman, Tom Malinowski, who was the head of Human Rights watch and then the Assistant Secretary of State for Democracy, Human Rights and Labor.

Is there anything else you would like AUTM Members to know about you before they vote?
I think there is a wealth of untapped IP developed at universities and want to help see this situation improved. I believe that I am a person who can accomplish this.