BU’s Institute for Technology Entrepreneurship & Commercialization Wins Johnson & Johnson Grant

Contact: Richard Taffe, 617-353-4626 | rtaffe@bu.edu

(Boston) — Boston University’s Institute for Technology Entrepreneurship and Commercialization (ITEC) today announced creation of the BU Clinical Innovation Awards Program (CIAP) supported by a $150,000 grant from the Johnson & Johnson Corporate Office of Science and Technology (COSAT).

It will offer advanced students from programs across the BU campuses a hands-on opportunity to work directly with the clinical community to address unmet medical needs by developing new medical technologies. Enabling collaboration between the medical and engineering communities, the grant will support student teams seeking to solve 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,” said ITEC Executive Director Jonathan Rosen. He said it is part of a university-wide initiative to promote cross-campus collaboration, encourage entrepreneurial leadership, and accelerate the commercialization of BU research with the potential to improve global patient care.

“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,” said Rosen.

A formal launch of CIAP will take place on August 25, 2009.

The Institute for Technology Entrepreneurship and Commercialization (ITEC) offers a model for entrepreneurial research, education and commercialization. Housed at the School of Management, ITEC is focused on providing the resources to empower entrepreneurs to work collaboratively, across the university and around the world. For more, see www.bu.edu/ITEC.

Founded in 1839, Boston University is an internationally recognized institution of higher education and research. With more than 30,000 students, it is the fourth largest independent university in the United States. BU contains 17 colleges and schools along with a number of multi-disciplinary centers and institutes which are central to the school’s research and teaching mission.