Team Consulting is a

medical device A medical device is any device intended to be used for medical purposes. Significant potential for hazards are inherent when using a device for medical purposes and thus medical devices must be proved safe and effective with reasonable assura ...

design and development consultancy. The company works with

pharmaceutical companies The pharmaceutical industry is a Medicine, medical industry that discovers, develops, produces, and markets pharmaceutical goods such as medications and medical devices. Medications are then administered to (or Self-medicate, self-administered b ...

and Medtech businesses globally. The company is located on the outskirts of

Cambridge Cambridge ( ) is a List of cities in the United Kingdom, city and non-metropolitan district in the county of Cambridgeshire, England. It is the county town of Cambridgeshire and is located on the River Cam, north of London. As of the 2021 Unit ...

, UK, and is part of Silicon Fen, the cluster of

high-tech High technology (high tech or high-tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or ...

businesses in

. The majority of the company's workforce are consultants.

History

Team Consulting was founded in 1986 and began as a general

product development New product development (NPD) or product development in business and engineering covers the complete process of launching a new product to the market. Product development also includes the renewal of an existing product and introducing a product ...

and engineering consultancy before focusing on the medical sector in the early 1990s. In 2004, the company moved into its current premises in Ickleton,

. In 2014, Team completed a staff-led

buyout In finance, a buyout is an investment transaction by which the ownership equity, or a controlling interest of a company, or a majority share of the capital stock of the company is acquired. The acquirer thereby "buys out" the present equity holde ...

. The buyout involved more than 80% of staff buying equity in the company to ensure ownership remained with the staff. In December 2016, the company worked with Graeme Nuttall OBE at Fieldfisher LLP to transfer control of the company to an Employee Ownership Trust (EOT). In June 2017, the company announced the recruitment of its 100th employee.

Work and awards

Team Consulting's work primarily focuses on the design and development of medical devices in areas such as

drug delivery Drug delivery involves various methods and technologies designed to transport pharmaceutical compounds to their target sites helping therapeutic effect. It involves principles related to drug preparation, route of administration, site-specif ...

(respiratory, parenteral, ocular, nasal), critical care, surgery, diagnostics, Medtech and digital health. The organization has filed many

patents A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an sufficiency of disclosure, enabling discl ...

with clients. Team Consulting have won various design and engineering awards for their work. In 2012, Team Consulting worked with OrganOx, a spin-out company from the

University of Oxford The University of Oxford is a collegiate university, collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the List of oldest un ...

to develop a world-first device which keeps a human liver alive outside the body. This work received the 'Consultancy of the Year' award at the British Engineering Excellence Awards and three

Institution of Engineering and Technology The Institution of Engineering and Technology (IET) is a multidisciplinary professional engineering institution. The IET was formed in 2006 from two separate institutions: the Institution of Electrical Engineers (IEE), dating back to 1871,Engin ...

awards.

Culture

In the 2013 Cambridgeshire Cycle Challenge, Team Consulting came in both 2nd and 3rd place for companies between 50 and 199 employees for encouraging the most people to cycle to work. Two years later, Team Consulting took part in the 2015 'Love to Ride' National Cycle Challenge, again achieving 2nd place for companies between 50 and 199 employees. The company managed an 86% staff participation rate and cycled over 3,500 miles during the three-week challenge.

References

External links

*{{Official website, http://www.team-consulting.com Companies based in Cambridge Consulting firms established in 1986 Medical technology companies of the United Kingdom 1986 establishments in England 1986 establishments in the United Kingdom Companies established in 1986