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. Brian Herman, vice president for Research, is quoted in Minneapolis/St. Paul Business Journal about the initiative, known as MIN-REACH -- read the entire article here.
Friday, March 27, 2015