Navigation Links
Wake Forest Baptist Medical Center Launches Wake Forest Innovations

WINSTON-SALEM, N.C., Dec. 12, 2012 /PRNewswire-USNewswire/ --Wake Forest Baptist Medical Center has created a new operating division to translate its academic and clinical research and discoveries into marketable products and services that will benefit patients. The new enterprise, Wake Forest Innovations, is being led by Chief Innovation Officer Eric Tomlinson, DSc, and Ph.D, who is also President of the Piedmont Triad Research Park.


Wake Forest Innovations is investing in novel ways of stimulating conception and development of products and services that will generate new revenue streams by establishing and managing new business partnerships. 

The new division provides the institution with several new services:

Product Innovation & Commercialization Services is responsible for supporting the creation of innovative technology and products and commercializing these through licensing to existing and startup companies. It also is focused on forming companies that can locate in the Piedmont Triad Research Park.

The group consists of an innovation team and a commercialization team. The innovation team 'embeds' scientist-entrepreneurs within faculty groupings to provide guidance on product ideas, intellectual property protection, regulatory practices, business case modeling, competitive position and path to market.

The commercialization team licenses technologies and products and incubates startup companies through their capital formation and early operations.

Product Innovation & Commercialization Services currently manages two investment funds:  Spark Grants to enable the development of innovative ideas and a Value Inflection Fund for achieving preclinical proof-of-concept.

Scientific Business Services is a newly-formed business support group that helps to structure, promote and contract our research assets to external partners. Scientific Business Services now manages Preclinical Surgical Services and the Center for Applied Learning.

Among the research assets being currently promoted are several models of disease, preclinical surgical techniques, bioinformatics, medical device testing, nanomedicine, and genetic tests. Wake Forest Baptist anticipates that effecting commercially competitive contracts that lead to success for our clients should also encourage a broader engagement of companies and organizations with Wake Forest and promote the Piedmont Triad Research Park as a place to locate business.

Park Development Services is focused on the growth of the Piedmont Triad Research Park –home for 10 Wake Forest Baptist departments and 30 companies– as a vibrant, knowledge-based community. This group promotes and the research park as a place for excellence in science, technology and business innovation by supporting a socially engaging environment while incubating and attracting new companies.

Wake Forest Innovations includes a business development group responsible for branding, marketing and sales of the Medical Center's scientific services, licensable technologies and products. It also has an operations group responsible for accounting, contract management, administration, database management and census.

Wake Forest Baptist Medical Center ( is a fully integrated academic medical center located in Winston-Salem, North Carolina. The institution comprises the medical education and research components of Wake Forest School of Medicine, the integrated clinical structure and consumer brand Wake Forest Baptist Health, which includes North Carolina Baptist Hospital and Brenner Children's Hospital, the commercialization of research discoveries through the Piedmont Triad Research Park, as well as a network of affiliated community-based hospitals, physician practices, outpatient services and other medical facilities. Wake Forest School of Medicine is ranked among the nation's best medical schools and is a leading national research center in fields such as regenerative medicine, cancer, neuroscience, aging, addiction and public health sciences. Wake Forest Baptist's clinical programs have consistently ranked as among the best in the country by U.S.News & World Report for the past 20 years.

SOURCE Wake Forest Baptist Medical Center
Copyright©2012 PR Newswire.
All rights reserved

Related biology news :

1. European grasslands challenge rainforests as the most species-rich spaces on Earth
2. UCSB study shows forest insects and diseases arrive in US via imported plants
3. Desert to Rainforest global classroom links future teachers, classrooms in Phoenix and Panama
4. Saving forests? Take a leaf from insurance industrys book
5. Analysis raises atmospheric, ecologic and economic doubts about forest bioenergy
6. Towards an agroforestry policy in Indonesia
7. Bark beetle management and ecology in southern pine forests
8. Agroforestry is not rocket science but it might save DPR Korea
9. Handful of heavyweight trees per acre are forest champs
10. Model forecasts long-term impacts of forest land-use decisions
11. The absence of elephants and rhinoceroses reduces biodiversity in tropical forests
Post Your Comments:
(Date:11/30/2015)... , Nov. 30, 2015  BIOCLAIM announced ... finalist in this year,s Fierce Innovation Awards:  Healthcare Edition, ... FierceHealthIT , FierceHealthcare , ... as a finalist in the category of "Privacy ... --> --> ...
(Date:11/19/2015)... -- Although some 350 companies are actively involved in molecular ... according to Kalorama Information. These include Roche Diagnostics, Hologic, Abbott ... of the 6.1 billion-dollar molecular testing market, according to ... Diagnostic s .    ... one company and only a handful of companies can ...
(Date:11/17/2015)... Paris , qui s,est tenu ... Paris , qui s,est tenu du 17 au ... l,innovation biométrique, a inventé le premier scanner couplé, qui ... même surface de balayage. Jusqu,ici, deux scanners étaient nécessaires, ... digitales. Désormais, un seul scanner est en mesure de ...
Breaking Biology News(10 mins):
(Date:12/1/2015)... ... December 01, 2015 , ... ... relationship marketing company specializing in scientifically backed, age-defying products, is featured as ... which highlights the exponential success and unrivaled opportunities that Nerium provides. Success ...
(Date:12/1/2015)... 2015 Cepheid (Nasdaq: CPHD ) today ... Piper Jaffray Healthcare Conference in New York ... reaffirming its outlook for the fourth quarter of 2015 ... discussing longer term business model expectations. John ... continue to be the fastest growing company of the ...
(Date:12/1/2015)... , ... December 01, 2015 , ... ... meeting this month and Dr. J. Kyle Mathews will join fellow ... the new single site hysterectomy. , An experienced urogynecologist, founder of Plano Urogynecology ...
(Date:12/1/2015)... 2015 ) ... U.K. Virology and Bacteriology Testing Market: Sales ... Supplier Shares by Test, Innovative Technologies, Competitive ... --> ) has announced ... and Bacteriology Testing Market: Sales and Volume ...
Breaking Biology Technology: