University of Montana Awarded Grant to Help Commercialize Biomedical Inventions

A new federal grant will allow the University of Montana to co-lead a regional effort to help biomedicine researchers develop their entrepreneurial skills to speed commercialization of their inventions.

The three-year, $3.5 million Small Business Technology Transfer grant from the National Institute of General Medical Sciences identified the University of New Mexico and University of Montana as co-academic leads for the project. UM’s Center for Translational Medicine will spearhead the effort in Montana and the surrounding region.

"The goal is to work across the Montana University System and western region to educate and assist university researchers in developing the clinical and commercial potential of their basic scientific discoveries," said CTM Director Dr. Jay Evans, who will serve as the UM principal investigator for the Accelerating Solutions for Commercialization and Entrepreneurial Development (ASCEND) grant.

Full Story: http://news.umt.edu/2018/09/091718bmed.php

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