Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Stuart C. McWhorter and Nissha Medical Technologies (NMT) officials announced the company has selected Nashville, Tennessee, to relocate its engineering operations.
NMT will create 38 new jobs and invest $4.5 million through the project with plans to share incubator space for research and development (R&D) at Vanderbilt University as its new Center of Excellence. The medical device company will continue its collaboration with EndoTheia, an endoscopic designer and developer led by Vanderbilt faculty member Bob Webster, which first announced a capital and business partnership with NMT in 2023. The two companies intend to build upon their work, enhancing the maneuverability and precision of current endoscopic tools in close cooperation with Vanderbilt teams.
Long term, this industry-university partnership is anticipated to attract not only entrepreneurs from Vanderbilt but also medical device companies by offering students opportunities for internships and hands-on learning, while giving researchers direct access to specialized equipment, market insights and new industry connections through NMT’s external network.
Founded in 1909, Nissha Medical Technologies, headquartered in Buffalo, New York, is a global leader in medical device design and manufacturing, specializing in patient monitoring and surgical solutions. NMT is the medical devices business unit and wholly owned subsidiary of Nissha Co., Ltd., a publicly held company based in Kyoto, Japan (TSE:7915).
Japan is Tennessee’s top partner for foreign direct investment with more than 200 Japanese companies across the state that account for more than 57,000 jobs and $20 billion in capital investment.
