Fayetteville, Arkansas — June 30, 2011– Virtual Incubation Company (VIC) of Fayetteville, Arkansas is pleased to announce that Omid Moghadam has joined the company as Executive Vice President. This appointment continues the strengthening of VIC’s executive staff. Mr. Moghadam will work on launching new ventures to commercialize technologies in diagnostics, medical imaging, and personalized medicine.

Virtual Incubation Company (VIC), a technology venture development firm, develops new companies by partnering technology entrepreneurs with business experts, technology experts and seed stage investors. VIC provides its portfolio companies with senior management expertise, intimate knowledge of technology startups, and proven processes to execute business strategies. Its team members bring extensive experience across legal, financial, operations, marketing, capital acquisition, and technology management areas. VIC experts help their portfolio companies meet management and business planning goals by providing appropriate support at each stage in their development, as it is needed.

"Mr. Moghadam brings an extensive background in commercialization of new technologies to VIC and with this appointment he becomes a crucial asset to the VIC executive team," said Calvin Goforth, President and CEO of VIC. "Omid has an impressive track record of success. He is a recognized industry leader in both healthcare and high technology and has been shaping the future of these fields from the earliest days of his career. We believe he is uniquely qualified to help steer VIC’s long-term growth and we warmly welcome him as a member of the VIC team."

"I am excited about joining this very impressive company," said Moghadam. "VIC has developed a unique model for identifying promising technologies and successfully commercializing those technologies.  I believe that VIC is ready to grow rapidly and I am energized to be working with such a dedicated team."

Moghadam comes to VIC with nearly 20 years of executive leadership experience, having both founded and operated innovative businesses where he consistently brought progressive technologies to market. He has also been active in academia, most recently at Harvard Medical School engaged in Personal Genomics Research, and previously as an Executive-in-Residence at Rensselaer Polytechnic Institute’s Lally School of Business Management.

Most recently, Moghadam spent six years in healthcare information technology and personal genomics, most recently as the Founder of Xovo Health and Dossia, and as co-Founder of Intel Genomics. Previously, Mr. Moghadam held executive positions at Intel and Eastman Kodak Companies as well as a principal position with the management consulting firm of CGI-AMS. He serves on the Board of Directors of Health-e Tech Pty, Resounding Health, and Best Shot Foundation. He also serves in advisory capacities to the Children’s Hospital Boston Gene Partnership Program, Robert Wood Johnson Foundation, California Healthcare Foundation, Genophen Corporation and PhotoCalorie.com. He is the author of a number of scientific and business papers, and holds 32 patents in digital imaging, microfluidics, and cryptography.

 

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