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Orthopedics Entrepreneur Named BioCrossroads Watanabe Life Sciences Champion of the Year
Date:10/27/2010

INDIANAPOLIS, Oct. 27 /PRNewswire/ -- At the seventh annual Indiana Life Sciences Summit today, BioCrossroads recognized one of the state's most successful entrepreneurs Dane A. Miller, Ph. D, founder and former chief executive officer of Biomet, with the August M. Watanabe Life Sciences Champion of the Year award, a prestigious honor named in tribute to BioCrossroads' late Chairman.

Dr. Miller founded the global orthopedic giant, Biomet, just thirty years ago in the orthopedics capital of the world, Warsaw, Indiana.  A true entrepreneur, he and several other founders (who also worked together to provide the angel investment to start Biomet) wanted to build a company committed to providing innovative solutions for the needs of the orthopedic industry.  The company hit $1.1 million in sales after only two years in business, rapidly establishing an enterprise that, along with neighboring orthopedics giants Zimmer, Inc., and DePuy Orthopaedics, has made Warsaw home to three of the world's five largest orthopedics device companies.

"The success of Biomet through Dane's early vision and leadership has raised Indiana's national visibility as a center for the life sciences, and Warsaw as the world capital of the orthopedic industry.  In addition, because Warsaw is the hotbed of the orthopedics world, many supportive companies have been built around the area, employing thousands of people," said D. Craig Brater, M.D., Dean of the Indiana University School of Medicine and Chairman of the Board of BioCrossroads.  "Dane is one of the primary catalysts for the surge in Kosciusko and surrounding counties' businesses and growth, and to keeping Indiana's economy strong because of his influence in the medical device industry."

Some of Dr. Miller's achievements:

  • In only 25 years, the company went from $17,000 of revenue to nearly $2.0 billion, sold products in more than 100 countries and hired mor
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SOURCE BioCrossroads
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