{"id":71293,"date":"2019-07-25T08:33:21","date_gmt":"2019-07-25T12:33:21","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=71293"},"modified":"2019-07-25T08:33:21","modified_gmt":"2019-07-25T12:33:21","slug":"dbj-wright-state-research-group-receives-750k-grant-to-launch-med-tech-startups","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2019\/07\/25\/dbj-wright-state-research-group-receives-750k-grant-to-launch-med-tech-startups\/","title":{"rendered":"DBJ: Wright State research group receives $750K grant to launch med-tech startups"},"content":{"rendered":"<div id=\"attachment_37653\" style=\"width: 224px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-37653\" class=\"size-medium wp-image-37653\" src=\"http:\/\/webapp2.wright.edu\/web1\/newsroom\/files\/2015\/08\/Dennis-Andersh-021-12-13-214x300.jpeg\" alt=\"Dennis Andersh headshot\" width=\"214\" height=\"300\" \/><p id=\"caption-attachment-37653\" class=\"wp-caption-text\">Dennis Andersh, CEO of the Wright State Applied Research Corporation and Wright State Research Institute<\/p><\/div>\n<p class=\"content__segment combx\">A research group affiliated with a Dayton-area university will receive a $750,000 grant to establish an accelerator program for medical technology startups.<\/p>\n<p class=\"content__segment combx\">Wright State Applied Research Corp. (WSARC) is one of 44 organizations from 28 states and two territories to earn grants totaling $23 million from the Economic Development Administration. The grants are made annually under the EDA&#8217;s\u00a0Regional Innovation Strategies program\u00a0competition. The 2019 awardees also will leverage an additional $26 million in matching funds from a variety of private and public sector sources.<\/p>\n<p class=\"content__segment combx\">With the funding, which includes nearly $750,000 in federal dollars along with an $800,000 local match, WSARC will create the &#8220;Dayton MedTech Nexus Initiative.&#8221; This program is meant to accelerate the timeline to funding for\u00a0medical technology startups by aligning the region&#8217;s healthcare specialization, defense research assets and entrepreneurial ecosystems, as well as building new medical technology commercialization pathways.<\/p>\n<p class=\"content__segment combx\">\u201cThis is great news for the region,\u201d WSARC CEO\u00a0<a href=\"https:\/\/www.bizjournals.com\/dayton\/search\/results?q=Dennis%20Andersh\">Dennis Andersh<\/a>\u00a0said. \u201cThe research labs and entrepreneurs in the Dayton region are creating world-class technologies with the potential to save lives across the globe. We\u2019re excited to work with EDA &amp; regional partners to get these products to market.\u201d<\/p>\n<p class=\"content__segment combx\">The Dayton MedTech Nexus Initiative will:<\/p>\n<ul class=\"content__segment combx\">\n<li>Break down silos to build a connected network of researchers, entrepreneurs, champions, mentors, investors and resource providers.<\/li>\n<li>Expand a startup pipeline that deploys commercialization programming to strategic opportunities.<\/li>\n<li>Create regulatory strategy programming and prototype development funding opportunities that align with existing entrepreneurial support programs.<\/li>\n<li>Create infrastructure to match students with MedTech startups needing support.<\/li>\n<\/ul>\n<p class=\"content__segment combx\">The project involves taking medical technologies that have been developed at Wright State and by other local organizations and turning them into prototypes that can then be commercialized with funding from investors.<\/p>\n<p class=\"content__segment combx\">\u201cThe grant will help med-tech startups get to market quicker,\u201d said John Owen, a program manager at Wright State Research Institute (WSRI).<\/p>\n<p class=\"content__segment combx\">WSARC provides administration and oversight of a large\u00a0number of government and defense contracts, while Wright State Research Institute performs the scientific work of those contracts.\u00a0Partners on the project with the WSRI include Wright State\u2019s The ONEIL Center, The Entrepreneurs Center, BioOhio and the University of Dayton\u2019s Fastlane.<\/p>\n<p class=\"content__segment combx\">Over the next three years, WSRI and its partners hope to create a network of 300 researchers, entrepreneurs, mentors and investors; create and assess a pipeline of 100 med-tech opportunities; support the development of 50 med-tech companies; place 50 interns in med-tech companies; and see $10 million invested in startups.<\/p>\n<p class=\"content__segment combx\">Wright State joined the likes of Johns Hopkins University and Cornell University as recipients of the grants among the pool of183 applicants.<\/p>\n<p class=\"content__segment combx\">\u201cInnovation and entrepreneurship are an indispensable part of the American economic success story, and the Trump Administration is pursuing an agenda that will ensure the U.S. remains a leader in both areas,\u201d U.S. Secretary of Commerce Wilbur Ross stated. \u201cThese projects will spark innovation across the country and will build on the beneficial environment the Trump Administration is creating for American businesses.\u201d<\/p>\n<p class=\"content__segment combx\">The grants are designed to help develop initiatives that advance new ideas and creative approaches to address rapidly evolving economic conditions. They support planning, technical assistant and\/or infrastructure construction.<\/p>\n<p class=\"content__segment combx\">The grant to WSRI provides the institute and its five partners a total of $750,000 over three years. It was the only EDA\u00a0<a href=\"https:\/\/www.eda.gov\/oie\/\" target=\"_blank\" rel=\"noopener noreferrer\">Regional Innovation Strategies (RIS) i6 program<\/a>\u00a0grant awarded in Ohio and the first ever in the Dayton region.<\/p>\n<p class=\"content__segment combx\">Brandy Foster, executive director of the ONEIL Center, said the students there support Dayton\u2019s thriving entrepreneurial community in a uniquely collaborative experiential learning setting.<\/p>\n<p class=\"content__segment combx\">\u201cWe\u2019re excited to expand our efforts toward building a workforce development pipeline for the med-tech startup ecosystem,\u201d she said.<\/p>\n<p class=\"content__segment combx\">Founded in 2011, Wright State Applied Research Corp. provides contracting, grant and research administration services to the Wright State Research Institute, the university and the state of Ohio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A research group affiliated with a Dayton-area university will receive a $750,000 grant to establish an accelerator program for medical technology startups. Wright State Applied Research Corp. (WSARC) is one of 44 organizations from 28 states and two territories to &hellip; <a href=\"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2019\/07\/25\/dbj-wright-state-research-group-receives-750k-grant-to-launch-med-tech-startups\/\" class=\"morelink\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":7690,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[730],"tags":[],"class_list":["post-71293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wright-state-in-the-news"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/71293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=71293"}],"version-history":[{"count":1,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/71293\/revisions"}],"predecessor-version":[{"id":71297,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/71293\/revisions\/71297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/7690"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=71293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=71293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=71293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}