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 discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate symptoms. ...

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

Cambridge Cambridge ( ) is a university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cambridge bec ...

, UK, and is part of

Silicon Fen Silicon Fen (also known as the Cambridge Cluster) is the name given to the region around Cambridge, England, which is home to a large cluster of high-tech businesses focusing on software, electronics and biotechnology, such as Arm and A ...

, the cluster of

high-tech High technology (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 the newest te ...

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 In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market, renewing an existing product or introducing a product in a new market. A central aspect of NPD is product design, along wi ...

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

Ickleton Ickleton is a village and civil parish about south of Cambridge in Cambridgeshire, England. The village is beside the River Cam, close to where a southern branch of the Icknield Way crossed the river. The eastern and southern boundaries of the ...

. In 2014, Team completed a staff-led

buyout In finance, a buyout is an investment transaction by which the ownership equity of a company, or a majority share of the stock of the company is acquired. The acquiror thereby "buys out" the present equity holders of the target company. A buyout ...

. 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 The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established o ...

Fieldfisher Fieldfisher LLP is a multinational law firm headquartered in London. The firm has 25 offices across Europe, China and the United States (Silicon Valley). It advises national and multinational corporations, financial institutions and governments. ...

LLP to transfer control of the company to an

Employee Ownership Trust An employee ownership trust (EOT) holds a permanent or long-term shareholding in a company on trust for the benefit of all the company’s employees. An EOT provides indirect (trust) employee ownership of a company. Among the different forms of em ...

(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 refers to approaches, formulations, manufacturing techniques, storage systems, and technologies involved in transporting a pharmaceutical compound to its target site to achieve a desired therapeutic effect. Principles related to d ...

(respiratory, parenteral, ocular, nasal), critical care, surgery, diagnostics, Medtech and

digital health Digital health is a discipline that includes digital care programs, technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and to make medicine more personalized and precise. It uses informatio ...

. 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 enabling disclosure of the invention."A p ...

with clients. Team Consulting have won various design and engineering awards for their work. In 2012, Team Consulting worked with OrganOx, a

spin-out A corporate spin-off, also known as a spin-out, or starburst or hive-off, is a type of corporate action where a company "splits off" a section as a separate business or creates a second incarnation, even if the first is still active. Characte ...

company from the

University of Oxford , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor ...

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 The British Engineering Excellence Awards (BEEAs) were established in 2009 as a means to demonstrate the high calibre of engineering design and innovation within the UK. Small and large British companies are encouraged to submit their entries into ...

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, and ...

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