Babson life sciences entrepreneurial product development immersion for new technologies and solutions (babson l-sprint) program
Active Cooperative Agreement Awarded Last action
- Award ID
- UE5DA056894
- Recipient
-
Babson College UEI G8AVR5LUD8M5 Part of Babson College
- Awarding agency
-
National Institute on Drug Abuse
National Institutes of Health, Department of Health and Human Services
- Obligated
- $4,447,432
Award facts
- Assistance listing
- 93.279 Drug Use and Addiction Research Programs
- Completion date 86% complete
- Funding
-
- $4,150,759.00 Federal
- $296,673.00 Non-federal
- Place of performance
- Wellesley Hills, Wellesley, MA 02481, USA
Award details come from USAspending.gov.
Description
- Abstract
- Babson life sciences entrepreneurial product development immersion for new technologies and solutions (babson l-sprint) program commercialized innovations and new ventures that address certain conditions, including ventures that address the causes, consequences, and treatment of substance use disorders (suds) to improve individual and public health, are still underrepresented amongst recent startups. Commercialization and technology-based start-UPS can be challenging in an academic environment due to varying reward structures, organizational structures and organizational cultures. Many promising scientists are reluctant to pursue intellectual property (IP) protection and investigate commercialization opportunities, even for unique research findings, due to a lack of understanding of the mechanics towards productizing and commercialization. To address these misperceptions and challenges while amplifying the potential impact that academic scientists can make to address suds, the babson life sciences entrepreneurial product development immersion for new technologies and solutions (babson l-sprint) program will reach scientists interested in product development and commercialization as well as to train participants in entrepreneurial thinking that can also increase decision making, improve their organizations and labs from within, especially since product development in the biomedical industry is highly uncertain. The babson l-sprint program includes two aims: aim 1: curriculum development – the babson l-sprint program will develop a specialized curriculum highlighting babson's signature entrepreneurial thought & action ® offering coupled with customized healthcare and biomedical entrepreneurship content on addressing market segmentation and uncertainty, commercializing emerging technologies, scaling for growth, and biomedical community experiences. The program will use live cases, panels, and other experiential learning techniques. Aim 2: courses for skills development – we will also develop a recruitment and outreach strategy using an innovative omnichannel approach including direct marketing utilizing email, relevant conferences, and via NIH nida newsletters and other media as available.
Transactions
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| Original award | $285,062 | $0 |
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Quick answers
Who received award UE5DA056894?
UE5DA056894 was awarded to Babson College by National Institute on Drug Abuse (National Institutes of Health) on August 15, 2022.
How much is award UE5DA056894 worth?
$4,447,432 has been obligated on UE5DA056894: $4,150,759 in federal funding and $296,673 in non-federal funding.
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