Address unique scaling challenges for medical technology and scaling for startups in georgia

Ended Project Grant Awarded Oct 1, 2021 Last action Aug 27, 2024

Award facts

Award details come from USAspending.gov.

As the agency reported it.

Purpose: The purpose of this award is to address unique scaling challenges for medical technology and scaling for startups in georgia.
Activities: The center for medtech excellence will be developed and will provide a RE-imagined, comprehensive approach for concept to commercialization and sustainable innovation, which is crucial to cultivating more agile healthcare organizations. The center's programs will provide effective directive content, relevant regulatory and development guidance, and mentorship in structured six-month cohorts to guide startups as they move from pre-revenue to scale. This methodology merges cutting-edge curriculum with accountability and mentorship to drive execution. The programs will use a combination of classroom time (online or in-person) and mentors to provide training and support.
Expected outcomes: The program will accelerate the commercialization process at scale through the combined efforts of the identified partners. The EF

Action	Federal	Non-federal	Date
Amendment	$0	$0	Aug 27, 2024
Original award	$1,271,991	$1,271,991	Sep 21, 2021

Subrecipient	Amount	Awarded
Global Center For Medical Innovation, Inc. Objective or purpose - GCMI services include staff for outreach, consultation, prototype and product development, pre-manufacturing, and product testing as well…	$269,739	Mar 6, 2022

ED21HDQ0240078 was awarded to Georgia TECH Research Corp by Economic Development Administration (Department of Commerce) on October 1, 2021.

$2,543,982 has been obligated on ED21HDQ0240078: $1,271,991 in federal funding and $1,271,991 in non-federal funding.

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