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New accelerator aims to increase life science start-up activity and research funding in Maine

By Jesse Schwartz
Published: February 13th, 2019

A new innovation hub in Maine will help researchers, entrepreneurs and investors bridge the gap between the lab and the marketplace. The Driven Biomedical Technology Accelerator Hub will provide funding, mentorship and other resources that are crucial to commercializing life science innovations and launching start-ups.

“The goal of the hub is to create an ecosystem that doesn’t exist in Maine,” says Kevin Strange, a co-investigator in the Driven program. The new hub is part of the U.S. National Institutes of Health (NIH) Institutional Development Award program, which aims to develop research capacities in states such as Maine that historically have had low levels of funding from NIH. The program is backed by $3.5 million in funding from NIH, and it also includes regions of New Hampshire, Vermont, Rhode Island and Delaware.

“Sharing among all of the states will increase the probability of success,” says Todd Keiller, director of technology transfer at Maine Medical Cancer Research Institute. “The grant also provides some start-up expertise that, when combined with places like the Maine Center for Entrepreneurs, will also increase the chance of successfully launching meaningful products and growing jobs locally.”

Source: Bangor Daily News

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