Institute for Technology Entrepreneurship & Commercialization Gains Funding in Support of Early Stage Translational Research
Boston, Massachusetts (August 4, 2009) – Boston University’s Institute for Technology Entrepreneurship and Commercialization (ITEC) today announced the creation of the Boston University Clinical Innovation Awards Program (CIAP) supported by a grant from the Johnson & Johnson Corporate Office of Science and Technology (COSAT). This COSAT funding of $150,000 will provide initial support for researchers involved in identifying and solving unmet clinical challenges by developing innovative new medical technologies.
Enabling critical collaboration between the medical and engineering communities, the grant will support customized teams of students assembled from a variety of disciplines to solve real ongoing healthcare delivery problems identified by clinical practitioners.
“This grant provides an important new link in the growing chain of support for the Boston University applied research community. We are grateful to Johnson & Johnson for this opportunity to more actively engage the BU clinical community in the process of developing new products that improve patient care, and for supporting our efforts at ITEC to enrich the educational experience of our students through their participation in every aspect of the commercialization process,” says Dr. Jonathan Rosen, Executive Director of ITEC.
ITEC is the entrepreneurship education and research center at Boston University and the Clinical Innovation Awards Program made possible by this grant will offer advanced students from programs across the BU campus a hand-on opportunity to work directly with the clinical community to address the most challenging unmet medical needs. These awards are part of a University-wide initiative to promote cross-campus collaboration, encourage entrepreneurial leadership, and accelerate the commercialization of University research with the potential to improve global patient care.
A formal launch of CIAP will take place on August 25, 2009.
About the Institute for Technology Entrepreneurship and Commercialization
The Institute for Technology Entrepreneurship and Commercialization (ITEC) offers a new model for entrepreneurial research, education and commercialization. Housed at the School of Management, ITEC promotes cross campus exchange among students, faculty and alumni across all 17 schools and colleges at the university. We are dedicated to the new entrepreneur who is pursuing technologies, products, and services that meet pressing global needs in healthcare, life sciences, alternative energy, and many other sectors. We are focused on providing the resources to empower these new entrepreneurs to work collaboratively, across the university and around the world, to achieve great things and realize their dreams. For more information, visit www.bu.edu/ITEC.