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$3.5 million initiative launched to support biomedicine entrepreneurship at Western universities


By Jesse Schwartz
Published: September 12th, 2018

The University of New Mexico (UNM) Clinical & Translational Science Center (CTSC) and the University of Montana are leading a regional effort to help biomedicine researchers in the Western U.S. take their innovations to the marketplace.

The initiative is supported by a $3.5 million Small Business Technology Transfer grant from the National Institute of General Medical Sciences. The project will focus on boosting commercialization activity at 11 universities in seven Western states.

“The goal is to educate faculty within the various institutions on how to commercialize their research, including start-up funding and finding business partners,” says Eric Prossintz of CTSC, who will serve as UNM’s principal investigator for the initiative. “We’ll be developing the educational program here in Albuquerque in partnership with Virtici, a Seattle-based product development company.”

According to Richard S. Larson, executive vice chancellor at the UNM Health Sciences Center, the program will help in the ongoing effort to enhance biomedical research and commercialization in states that historically have not received as much federal funding as others.

“The UNM Health Sciences Center is recognized as a leader in technology transfer and economic development in this region,” says Larson. “We’ll be helping to accelerate the transfer of scientific discoveries to the marketplace through education. The grant targets faculty, but it will also be open to trainees in each institution.”

The participating universities include New Mexico State University, University of Wyoming, University of Nevada (Reno and Las Vegas), Montana State University, University of Idaho, University of Alaska (Anchorage and Fairbanks) and University of Hawaii.

Source: UNM Newsroom

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