There are many highly valuable translational research resources available to the Coulter Program, both within the Boston University Community and in the greater Boston area, which provide guidance and mentorship in science and industry, business development support, networking and collaboration opportunities, as well as venues for further funding. Fostering this culture of support and collaboration is one of the goals of the Coulter Program, and one that ultimately enables the technologies to be commercialized and reach the patient bedside.
A mentorship program administered by the BU Technology Development Office in collaboration with the BU Institute for Technology Entrepreneurship and Commercialization (iTEC) to match seasoned entreprenuers and business exectutives from a variety of industries and business occupations with members of the BU community involved with research and research discoveries. Many research discoveries have important practical implications, but transferring these discoveries into successful products in the marketplace takes an entrepreneurial culture and experienced guidance. The BU Kindle mentoring program educates faculty, students, and alumni to facilitate early stage business formation. BU Kindle provides a unique opportunity for seasoned entrepreneurs and business executives to have direct and meaningful interaction with the BU community.
The primary mission of ITEC is to develop, provide, and support multiple learning opportunities for the new entrepreneur. ITEC works with businesses, investors, policy makers, foundations, academic researchers, and students to design innovative new models that will help create sustainable enterprises to meet important global needs in healthcare, clean energy, information systems, and other technology sectors.
This is a new program initiated through the Boston University School of Management’s ITEC program, in collaboration with current translational research university wide. It brings together student teams from various educational backgrounds (business, science, law) which then work with university faculty who are currently developing translational technologies to provide the support needed for each project (intellectual property issues, market research, business plans, etc.) for university credit. It not only provides key resources to university projects, but also fulfills the mission to provide top-notch educational opportunities to our students. They experience and participate in real projects on the path to commercialization.
Boston University has formed an alliance with Fraunhofer USA, creating the Fraunhofer Center for Manufacturing Innovation (FHCMI). This in-house facility provides product development assistance and manufacturing solutions to local and international industry, as well as University developed projects. It works with its clients to develop new technologies, improve current manufacturing operations and benchmark against the world’s best practices. The model is very simple: Fraunhofer Institutes work with industry and universities to scale up cutting edge research into real working technologies on an industrial time table. Their engineering leads to the development of advanced machinery and processes for a variety of applications. These range from submicron precision assembly for the photonics, biotech and semiconductor industries, to high volume manufacture of consumer products. In short, this strategic alliance provides the Coulter program and Boston University a powerful venue towards developing promising technologies to a point where they can be commercialized.
The Office of Technology Development (OTD) has instituted this program to bridge the gap between government funded research in basic science and product development work performed by commercial entities. By enabling researchers to generate commercially relevant data, reach key milestones, or develop a prototype, the Ignition Awards will help bring raw technology to a mature enough state where it can be either licensed or form the basis of a new company.The awards are not prizes, but are funds to accomplish specific applied research tasks. Typical awards will range from $25,000-$50,000, with a maximum award of $50,000. There is no overhead charge associated with Ignition Awards. These will normally be one-time awards geared toward specific technology milestones. OTD anticipates making six to eight Ignition Awards each year.
OTD’s main focus is to commercialize the inventions and discoveries that emerge from Boston University research. Our objective is to ensure the development of our groundbreaking research and discoveries by facilitating collaborations with the entrepreneurial and industrial ecosystems through licensing, sponsorship, and new ventures.
OTD’s motto is to Maximize collisions, Minimize frictionSM and their mission is to Encourage, Educate and Enable (E3) the BU community to realize the commercial potential of their ideas.
CIMIT fosters and nurtures interdisciplinary collaboration among world-class experts in medicine, science and engineering, in concert with industry and government, to rapidly improve patient care. A non-profit consortium of Boston area teaching hospitals and engineering schools, CIMIT provides innovators with resources to explore, develop and implement novel technological solutions for today’s most urgent healthcare problems. CIMIT’s mission is based on our firm belief that better health care for people world-wide is within our reach, and that technology can and should be part of the solution. CIMIT is uniquely capable of contributing to that goal.
BU Business Incubation Centers
Boston University’s Discovery and Innovation Center has some of the finest on-campus business incubation facilities in the United States, which include:
The Boston University Business Incubation Program is designed to facilitate the successful commercialization of revolutionary new technologies, both internal and external to Boston University, through the creation and support of new entrepreneurial ventures, contribute to student’s education in Technology Entrepreneurship and Commercialization, foster an entrepreneurial environment among the faculty and students of the university, and create strong interactions between the Boston University research community and greater-Boston corporate and financial institutions. The program and its portfolio companies provide a real world “technology business park” environment for the practice and teaching of technology entrepreneurship. The program offers faculty, students and entrepreneurs the opportunity to leverage the business and technical resources of the university to reduce risk, accelerate product development and add value to their companies.