Southern Research Institute Awarded $500,000 U.S. Department Of Commerce Grant To Expand Medical Device Innovation And Commercialization
11/18/2016 7:39:51 AM
BIRMINGHAM, Ala., Nov. 17, 2016 /PRNewswire-USNewswire/ -- Southern Research announced today the Alliance for Innovative Medical Technology (AIMTech) has won a grant from the U.S. Department of Commerce to expand its proof-of-concept program. The $500,000 award is part of nearly $15 million in funds that have been allocated across 35 organizations in 19 states to create and expand cluster-focused, proof-of-concept and commercialization programs, and early-stage seed capital funds through the Economic Development Administration's (EDA) Regional Innovation Strategies (RIS) program. The grants are broken into two categories, the i6 Challenge and the Seed Fund Support Grants, with AIMTech being a winner in the i6 group.
AIMTech is a collaboration between Southern Research and the University of Alabama at Birmingham (UAB) that was formed in 2014 to build a medical device community in the Birmingham region that can develop, prototype, and commercialize medical device technologies. This grant will allow AIMTech to build upon and accelerate the momentum gained in its first two years of providing a connection between health care need and engineering solutions in medical devices.
"This is a win for the Birmingham community," said Robert Hergenrother, Ph.D., director of AIMTech. "Led by U.S. Senator Richard Shelby, I would like to thank all of the federal, state, and local elected officials in Alabama that supported us in this effort. These funds will let us continue to make significant progress toward commercializing inventions by focusing on idea development, customer discovery and market validation, and prototyping through our regional connectivity to Birmingham's world-class medical knowledge, precision engineering, manufacturing, and commercial assets."
AIMTech's regional network of collaboration with its strategic partners is growing, with active support from healthcare systems such as Children's of Alabama, St. Vincent's Health System, and American Sports Medicine Institute. Along with UAB, these institutions make up the significant portion of the greater Birmingham medical community. Additional assistance and support of AIMTech's efforts continues to come from various leading business voices in the community, such as the Economic Development Partnership of Alabama and the Birmingham Business Alliance.
"The AIMTech Proof of Concept Center fills an unmet need in the Birmingham region to provide expertise, tools and resources to entrepreneurs and clinicians as they look to turn their medical technology ideas into reality," said Alabama Secretary of Commerce Greg Canfield. "This award will help expand AIMTech's reach in the Birmingham region, benefiting healthcare providers, entrepreneurs, and ultimately, patients."
The vision for AIMTech's proof-of-concept center is to ultimately be part of a regional medical device commercialization center that can assist and enable regional medical device ideas to be brought from concept to clinic, involving investors, regional colleges, startup companies and commercial partners. With a mission statement that mirrors the i6 Challenge project outputs of innovation, regional connectivity, and commercialization of research, AIMTech is determined to grow its capabilities and make the greater Birmingham area an international center for medical device research and development.
About Southern Research
Southern Research is a not-for-profit 501(c)(3) research institution with nearly 500 scientists and engineers working to solve some of the world's hardest problems across four key divisions: Drug Discovery, Drug Development, Engineering, and Energy & Environment. Founded in 1941, the institution built a trusted name for itself in continually working with some of the world's leading organizations, including the National Cancer Institute, National Institutes of Health, the U.S. Department of Defense, the U.S. Department of Energy, NASA, major aerospace firms, the nation's largest utility companies, and other private and government organizations. Headquartered in Birmingham, Southern Research has additional laboratories and offices in Wilsonville and Huntsville, Alabama; Frederick, Maryland; Durham, North Carolina; Cartersville, Georgia; and Houston, Texas. For more information, please visit www.SouthernResearch.org.
Media contact: Rossi Carlson, 205-581-2266
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SOURCE Southern Research
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