As demands mount to see practical results from publicly funded research, the University of Washington says it’s ready to transform researchers’ discoveries into useful medical products. To do that, the UW Institute of Translational Health Sciences (ITHS), which includes other local research institutions, recently received its second five-year, $65 million grant from the National Institutes of Health (NIH). The money will fund activities that might sound squishy, such as helping scientists engage technical help, run pilot projects and secure the money and expertise to get through clinical trials and start businesses.