Tech Transfer eNews Blog

Rutgers, U of Kentucky and U of Louisville selected as commercialization hubs under NIH REACH program


By Jesse Schwartz
Published: November 6th, 2019

Rutgers University, the University of Kentucky and the University of Louisville have been selected for the Research Evaluation and Commercialization Hubs (REACH) program by the National Institutes of Health (NIH).

REACH will provide $4 million over four years to support the new Rutgers Optimizes Innovation (ROI) program, which is designed to accelerate the transfer of biomedical discoveries from the lab to the marketplace in order to improve patient care.

Another $4 million will help create the Kentucky Network for Innovation & Commercialization, which will advance promising health care innovations from the University of Kentucky and the University of Louisville, in partnership with the Commonwealth Commercialization Center (C3) and the Kentucky Cabinet for Economic Development.

Reynold A. Panettieri, vice chancellor for translational medicine and science and director of the Rutgers Institute for Translational Medicine and Science (RITMS), comments, “This award creates a platform to springboard discoveries made at Rutgers to initiate new products to improve health and cure disease. This is in alignment with Governor Phil Murphy’s mission to be a state that promotes innovation.”

Eli Capilouto, president of the University of Kentucky, comments, “This grant will bolster our efforts to expand what’s possible in accelerating commercialization and caring for the public’s health. Increasingly, we find that achieving our ambitions requires strong and enduring partnerships. We are deeply grateful for his collaboration with our sister institutions in higher education, the Commonwealth Commercialization Center and the Kentucky Cabinet for Economic Development. This grant provides another critical opportunity to build upon our considerable research strength in healthcare-related innovations and technology.”

Sources: Insider NJ and The Lane Report

Posted under: Tech Transfer e-News

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