{"id":71317,"date":"2019-07-25T11:09:48","date_gmt":"2019-07-25T15:09:48","guid":{"rendered":"http:\/\/webapp2.wright.edu\/web1\/newsroom\/?p=71317"},"modified":"2019-07-25T13:45:11","modified_gmt":"2019-07-25T17:45:11","slug":"wright-state-applied-research-corp-and-its-partners-awarded-750000-federal-economic-development-grant","status":"publish","type":"post","link":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/2019\/07\/25\/wright-state-applied-research-corp-and-its-partners-awarded-750000-federal-economic-development-grant\/","title":{"rendered":"Wright State Applied Research Corp. and its partners awarded $750,000 federal economic development grant"},"content":{"rendered":"
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(From left) John Owen and Paul Jackson (Photo by Chris Snyder)<\/p><\/div>\n

The Wright State Applied Research Corporation and its partners were awarded a $750,000 federal grant to spur economic development by moving medical technologies from the lab toward commercialization.<\/p>\n

The highly competitive Regional Innovation Strategies grants were announced July 23 by the U.S. Economic Development Administration, a bureau within the U.S. Department of Commerce.<\/p>\n

The Dayton MedTech Nexus Initiative will move med-tech startups to market faster by leveraging the region\u2019s health-care specialization, defense research assets and entrepreneurial ecosystems to build new commercialization pathways.<\/p>\n

\u201cThis is great news for the region,\u201d WSARC CEO Dennis Andersh said. \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 & regional partners to get these products to market.\u201d<\/p>\n

Partners on the project with the Wright State Research Institute include Wright State\u2019s The ONEIL Center, The Entrepreneurs Center, BioOhio and the University of Dayton\u2019s Fastlane.<\/p>\n

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

A total of $23 million in grants were awarded to 44 institutions of higher learning, nonprofits and entrepreneurship-focused organizations from 28 states and two territories.<\/p>\n

\u201cIt\u2019s a real good win for us,\u201d said Paul Jackson, the Wright State Research Institute\u2019s Director of Commercialization and Entrepreneurship. \u201cThere aren\u2019t a lot of dollars to take these concepts that work in the lab and turn them into real prototypes.\u201d<\/p>\n

Wright State joined the likes of Johns Hopkins University and Cornell University as recipients of the grants among the pool of 183 applicants.<\/p>\n

\u201cThese projects will spark innovation across the country and will build on the beneficial environment the Trump Administration is creating for American businesses,\u201d said U.S. Secretary of Commerce Wilbur Ross.<\/p>\n

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

The grant to WSRI provides the institute and its five partners a total of $750,000 over three years. It was the only EDA Regional Innovation Strategies (RIS) i6 program<\/a> grant awarded in Ohio and the first ever in the Dayton region.<\/p>\n

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

\u201cThe grant will help med-tech startups get to market quicker,\u201d said John Owen, a program manager at WSRI.<\/p>\n

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

\u201cWe\u2019re excited to expand our efforts toward building a workforce development pipeline for the med-tech startup ecosystem,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Wright State Applied Research Corporation and its partners were awarded a $750,000 federal grant to spur economic development by moving medical technologies from the lab toward commercialization. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":17,"featured_media":71325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[722,725,715,719],"tags":[],"class_list":["post-71317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academics","category-home-news-sidebar","category-news","category-special-categories"],"_links":{"self":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/71317","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/comments?post=71317"}],"version-history":[{"count":3,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/71317\/revisions"}],"predecessor-version":[{"id":71337,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/posts\/71317\/revisions\/71337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media\/71325"}],"wp:attachment":[{"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/media?parent=71317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/categories?post=71317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/webapp2.wright.edu\/web1\/newsroom\/wp-json\/wp\/v2\/tags?post=71317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}