Mike Otworth
Co-Founder and Executive Chairman of the Board at Innventure- Claim this Profile
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Bio
Experience
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Innventure
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United States
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Business Consulting and Services
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1 - 100 Employee
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Co-Founder and Executive Chairman of the Board
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Jan 2021 - Present
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Founder & CEO
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Oct 2015 - Jan 2021
Innventure is a recognized pioneer in constructing a global open-architecture venture platform designed to provide unique access to multinational companies (MNCs) who trust Innventure to identify, grow and commercialize their proprietary IP while strategically partnering for success. We utilize our proprietary DownSelect process to identify which technologies meet our accelerated adoption and market penetration targets, and then seed and establish these transformational NewCos. We further capitalize initial scaling and commercialization through an established Fund, providing Innventure’s institutional and private clients unfettered access to the end product of all of our work and experience in launching these unique, high value private companies through a systematic approach that greatly reduces the risks inherent in venture investing. Our proven approach systematically matches and aligns innovative technologies with substantial market opportunities, and then quickly commercializes to create highly successful, high value businesses.Mike serves as Chief Executive Officer and Chairman Board of Managers of Innventure which he co-founded in 2015 to work in partnership with top MNCs to evaluate, scale, and commercialize disruptive technologies with significant transformative market potential. Prior to co-founding Innventure, Mike served as President and Founding Partner of Green Ocean Innovation and held the position of Vice-President and Founding CEO for multiple start-ups while at XL TechGroup (XLTG).
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PureCycle Technologies
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United States
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Plastics Manufacturing
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100 - 200 Employee
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Chairman and Chief Executive Officer
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Oct 2015 - Aug 2022
PureCycle Technologies offers the first virgin-like polypropylene resin at prices comparable to virgin polypropylene. Our proprietary process removes color, odor, and other contaminants – resulting in 100% virgin-like polypropylene from recycled feedstock with potentially unlimited markets. PureCycle Technologies enables the use of recycled content in many applications without trade-offs. PureCycle Technologies offers the first virgin-like polypropylene resin at prices comparable to virgin polypropylene. Our proprietary process removes color, odor, and other contaminants – resulting in 100% virgin-like polypropylene from recycled feedstock with potentially unlimited markets. PureCycle Technologies enables the use of recycled content in many applications without trade-offs.
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President & Founding Partner
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Jun 2008 - Oct 2015
Green Ocean provided technology sourcing and innovation strategy and development services to Lilly/Elanco Animal Health primarily focusing on therapeutics, diagnostics and various medical devices. Green Ocean provided technology sourcing and innovation strategy and development services to Lilly/Elanco Animal Health primarily focusing on therapeutics, diagnostics and various medical devices.
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Various C-level Roles
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Jan 1996 - Jun 2008
XL TechGroup, Inc. founded 11 technology startups which operated in the following sectors: biotech, environmental technology, and medical technology. XL TechGroup Inc. founded, capitalized, and advanced companies successfully to late stage funding. XL TechGroup, Inc. founded 11 technology startups which operated in the following sectors: biotech, environmental technology, and medical technology. XL TechGroup Inc. founded, capitalized, and advanced companies successfully to late stage funding.
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