"The path for biomedical innovators to commercialize their technology is challenging to navigate, especially in an under-resourced area," says a co-principal investigator of a National Institutes of Health grant awarded to the University of Montana.
The four-year, $4 million Research Evaluation and Commercialization Hub (REACH) award will speed the commercialization of biomedical innovation across Montana, Alaska, Idaho, and Wyoming, as well as help academic innovators develop medical products that address unmet medical needs across the US, per a news release.
It will partner with a diverse set of academic institutions, including universities and community, technical, and tribal colleges.
The SIHI-REACH will collaborate with leaders at the University of Washington to connect biomedical product development capabilities from the resource-rich center of the Puget Sound across the region.
"We are committed to fostering a community of early-stage entrepreneurs, connecting them to expertise and mentoring and building an ecosystem of resources for the region," says Paul Gladen, associate vice president of research and economic development and co-investigator of the award.
Proof-of-concept funding of up to $100,000 will be available to innovators to support business and product testing activities.
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