Navigation Links
Lorain County Community College, Austen BioInnovation Institute Join to Advance Medical Technologies
Date:5/2/2013

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:

  • Serving as an intermediary for enhanced technical solutions by leveraging the technical capabilities and expertise of the two organizations to develop and deliver industry-friendly “technical solutions” services that advance novel medical technologies from research to market. Together, the organizations will fill a need in the region for commercializing medical technologies through prototyping, testing, development, regulatory compliance and low volume production.
  • Expanding access to capital to rapidly move medical discoveries to market by exploring the creation of a pre-seed fund, built on the success of LCCC’s founding of the Innovation Fund, to strategically and proactively foster the transfer of technology from the lab to the market as a start-up enterprise or open innovations solution for existing industry. The fund would provide capital to qualifying technologies developed through the research and development work of the two organizations.
  • Delivering targeted business mentoring and support using the business support services of the Great Lakes Innovation and Development Enterprise (GLIDE) and other partners in the region’s entrepreneurial support ecosystem to assess market opportunities for targeted technologies.
  • Developing talent using Allied Health training systems like LCCC’s new Patient Simulation Learning Center and ABIA’s new simulation and product development facility to provide hands-on experience.

###

About Austen BioInnovation Institute in Akron
The Austen BioInnovation Institute in Akron (ABIA) – an exceptional collaboration of Akron Children’s Hospital, Akron General Health System, FirstEnergy, John S. and James L. Knight Foundation, Northeast Ohio Medical University, Summa Health System and The University of Akron – brings innovative minds together to create economic and personal vitality by inspiring patient-centered discovery and invention. The ABIA partnership accelerates the time from idea to commercialization of new technologies and solutions by bringing together world-class scientists, physicians, engineers, researchers and entrepreneurs in the biomedical product and polymer science industries. ABIA works to secure Ohio’s economic future through its patient-centered product innovation, cutting-edge workforce training and inclusionary approach to community health improvement. For more information about ABIA, please visit http://www.abiakron.org.

About Lorain County Community College
Lorain County Community College is part of The University System of Ohio, one of the largest comprehensive public systems of higher education in the nation. LCCC is one of Ohio’s fastest-growing community colleges because of the variety of learning opportunities it provides. LCCC offers an array of programs and services and is the first college in the state to build an advanced technologies center for business and industry. The Aspen Institute named LCCC as one of the top 120 community colleges in the United States – and the only one in Ohio. LCCC’s Great Lakes Innovation and Development Enterprise (GLIDE) assists entrepreneurs with counseling and business-support services. The Innovation Fund of the LCCC Foundation is a regional fund focused on supporting technology-based entrepreneurial endeavors and emerging technology-based businesses. LCCC’s Richard Desich SMART Commercialization Center for Microsystems provides packaging, testing and simulation services and expertise for sensors/MEMS technologies in a wide variety of products and industries. The SMART Center is a MEMS packaging, assembly and test development facility serving needs of industry and start-ups with a unique set of tools and expertise delivered in a shared use facility equipped with Class 1000 and Class 100 clean rooms. SMART’s capability is complemented by LCCC’s Rapid Prototyping Center, the FAB LAB with 3D printing capabilities and services.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10697057.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related biology technology :

1. Bed Bugs Rise in Oneida County, My Cleaning Products Cautions Residents and Advises Them to Have a Bed Bug Bully Prepared
2. Rockingham County Economic Development Launches New Website
3. Bed Bugs Check In to Chemung County Nursing Facility, My Cleaning Products Offers Complimentary Sample of Bed Bug Bully to Prove It's the Best Solution to the Problem
4. Palomar Medical Center in San Diego County Introduces New Wrist-Worn Wireless Patient Vital Signs Device
5. Rockingham County Economic Development Launches New Website to Market Research and Tech Park
6. Reno Efficient Sustainable Practices Selected to Provide Water and Energy Conservation Services To the County of San Diego
7. GeneCell International Gives Back to the Community by Participating in Local Elementary School’s Career Day
8. The American Society for Clinical Investigation and Doximity Build Interactive Community
9. Thomson Reuters to Host tranSMART Community Meeting During BIO-IT World Conference
10. Professor of Art from Northern Virginia Community College Lectures at Cajal Institute
11. Rosemary Gladstar Receives First-Annual ABC Mark Blumenthal Herbal Community Builder Award
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016 Epic ... sensitively detects cancers susceptible to PARP inhibitors by ... tumor cells (CTCs). The new test has already ... therapeutics in multiple cancer types. Over ... DNA damage response pathways, including PARP, ATM, ATR, ...
(Date:6/24/2016)... ... ... Researchers at the Universita Politecnica delle Marche in Ancona combed medical journal articles ... findings are the subject of a new article on the Surviving Mesothelioma website. ... blood, lung fluid or tissue of mesothelioma patients that can help point doctors to ...
(Date:6/23/2016)... ... June 23, 2016 , ... UAS LifeSciences, one of ... their brand, UP4™ Probiotics, into Target stores nationwide. The company, which has been ... Target to its list of well-respected retailers. This list includes such fine stores ...
(Date:6/23/2016)... 23, 2016 /PRNewswire/ - FACIT has announced the ... biotechnology company, Propellon Therapeutics Inc. ("Propellon" or ... of a portfolio of first-in-class WDR5 inhibitors for ... as WDR5 represent an exciting class of therapies, ... medicine for cancer patients. Substantial advances have been ...
Breaking Biology Technology:
(Date:4/28/2016)... First quarter 2016:   , Revenues amounted ... quarter of 2015 The gross margin was 49% (27) ... the operating margin was 40% (-13) Earnings per share ... operations was SEK 249.9 M (21.2) , Outlook   ... M. The operating margin for 2016 is estimated to ...
(Date:4/15/2016)... 2016 Research and Markets has ... Market 2016-2020,"  report to their offering.  , ... ,The global gait biometrics market is expected to ... period 2016-2020. Gait analysis generates multiple ... used to compute factors that are not or ...
(Date:3/29/2016)... , March 29, 2016 LegacyXChange, ... LegacyXChange "LEGX" and SelectaDNA/CSI Protect are pleased to announce ... used in a variety of writing instruments, ensuring athletes ... originally created collectibles from athletes on LegacyXChange will be ... of the DNA. Bill Bollander , ...
Breaking Biology News(10 mins):