Tech Transfer eNews Blog

Brown launches gap funding program to help turn biomedical research into products

By Jesse Schwartz
Published: July 17th, 2019

Brown University has launched an initiative that will invest up to $500,000 to help turn promising biomedical research into real-world products that benefit patients.

Brown Biomedical Innovations to Impact (BBII) is awarding five research projects up to $100,000 each. The funding is meant to help bridge the gap between early-stage federal funding and the commercialization stage at which private investors are willing to contribute capital.

The research projects funded by BBII include a device to stabilize newborns being tested for meningitis, a method to grow human tissue for post-heart-attack repair, and treatments for diabetes, pulmonary fibrosis and back pain.

Karen Bulock, managing director of BBII, comments, “We look forward to collaborating with the 2019 awardees to further develop their technologies toward real products that can help patients. BBII also offers coaching and project management resources to guide technologies through proof-of-concept into well-defined product opportunities that will attract the attention of industry collaborators and potential investors.”

This is the first full award cycle for BBII, which has been backed by more than $8 million in philanthropic gifts. The program received 26 project proposals, which were evaluated by an external committee of business executives, venture capitalists and other industry leaders.

The five chosen projects will receive initial funding later this month and additional funds as they meet specific milestones over the next year.

Source: Mirage News

Posted under: Tech Transfer e-News

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