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University of Pittsburgh receives $3.54 million translational bioengineering research award
Date:9/16/2011

rded by Coulter in that first phase has resulted in an additional $300 million in investments to further the development and market applications of the various projects initiated as a result of the 11 Coulter-funded programs.

The Coulter Foundation also has agreed to fund seven of those first-phase programs with an additional $10 million. Similar long-term funding could be made to Pitt and the other second-phase recipients based upon their ability to meet Coulter's metrics for measurable outcomes and secure matching funds.

Gara further explained that the foundation used feedback it sought from universities that received funding in the first phase of the program to adopt a more formal procedure, dubbed the "Coulter Process," which Gara believes will yield even richer technology transfers of new products, applications, materials, and/or services to the medical community.

The Coulter Process allows for a one-year startup period during which the five-year program will be established on campus by the Pitt program's leadership team.

"Through the research funded by this generous award, the University's bioengineering faculty members are pleased to partner with the Coulter Foundation in working to fulfill the mission of Wallace Coulter expressed in his company's motto, 'Science Serving Humanity,' " Borovetz stated.


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Contact: Karen Hoffmann
hoffkar@gmail.com
412-444-5946
University of Pittsburgh
Source:Eurekalert

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