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Major NIH Grant Will Accelerate Health Care Technologies

The National Institutes of Health (NIH) has awarded $3 million to the University of Minnesota to ramp up commercialization of health care technologies. NIH picked the U as one of three new Research Evaluation and Commercialization Hubs (REACH) nationwide. The funding, plus $3 million in matching dollars from the university, will support between 10 and 20 commercialization projects per year centered around areas such as diagnostics tools, medical devices and preventative medicine.