Elyria, Ohio (PRWEB) May 02, 2013
Lorain County Community College (LCCC) and the Austen BioInnovation Institute in Akron (ABIA) are leveraging their complementary strengths to build a partnership to accelerate the commercialization of novel medical technologies that can advance economic growth, stimulate job creation, foster talent development, enrich patient care and improve community health in Northeast Ohio.
“At the national, state and regional levels, commercializing new technologies at a reduced cost and risk has been identified as the crux to fueling economic vitality and competitiveness in the global innovation economy,” said LCCC President Roy A. Church.
Nationally, the Advanced Manufacturing Partnership (AMP), created as a collaborative led by National Institute of Standards and Technology (NIST), cited the “missing middle” as the gap between research and market, and as a primary barrier of moving new inventions to market and creating jobs.
“This partnership will seek to specifically address this gap in Northeast Ohio to move additional innovations created here to the medical technologies market,” said ABIA President and CEO Dr. Frank Douglas. “Dr. Church and his team know that the process to bring ideas to life must be deliberate and this agreement allows us to further the interlocking of ideas, people and resources that will help fuel the economy.”
The initial focus of the partnership between LCCC and ABIA will be to create meaningful economic impact by:
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