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NSF and NIH collaborate to accelerate advance of biomedical innovations into the marketplace
Date:6/18/2014

pective entrepreneurs

Four NIH institutes will participate in the pilot program: the National Cancer Institute (NCI), the National Heart, Lung and Blood Institute, the National Institute of Neurological Disorders and Stroke and the National Center for Advancing Translational Sciences.

Michael Weingarten, director of the NCI SBIR Development Center, said he and his colleagues initially reached out to NSF because they witnessed the difference I-Corps lessons made for the graduates. To date, more than 300 three-person teams have completed the NSF I-Corps Teams training, including those supported by the Department of Energy's Advanced Research Projects Agency (ARPA-E).

"I-Corps will help teach NIH-funded start-ups how to build scalable business models around new technologies they're developing for the detection and treatment of disease," Weingarten said. "The program sheds new light on how companies can deal with important business risks such as protecting intellectual property and developing regulatory and reimbursement strategies."

As it does at NSF, the I-Corps program at NIH will supplement awardees' scientific skills through real-time interactions with more than 100 potential customers to validate their technology's market potential. The 24 selected teams will receive supplemental funding from NIH to support entrepreneurial training, mentorship and collaboration opportunities.

NIH awards more than $700 million in SBIR/STTR research and development awards each year. "This pilot will leverage NIH's robust SBIR/STTR program and further NIH's mission to advance our understanding of human illness and treatment of disease and disability," said NIH SBIR/STTR program coordinator Matthew Portnoy. "We look forward to this collaborative endeavor with NSF."

A sustainable innovation ecosystem

The I-Corps network continues to undergo strategic expansion.

In addition to the pilot, existing NIH-fun
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Contact: Sarah Bates
sabates@nsf.gov
703-292-7738
National Science Foundation
Source:Eurekalert  

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