The Georgia Tech Research Corporation was awarded a $2.54 million project grant from the Department of Commerce Economic Development Administration under the BUILD TO SCALE federal grant program (CFDA 11.024) for the period of October 1, 2021 through September 30, 2024.
The funding will support the development of the Center for MedTech Excellence to address scaling challenges for medical technology startups in Georgia. The Center will provide a comprehensive approach to moving concepts to commercialization and sustainable innovation, which is critical for cultivating more agile healthcare organizations. The Center's programs will offer directive content, regulatory and development guidance, and structured six-month mentorship cohorts to guide pre-revenue startups through scaling. The methodology combines curriculum with accountability and mentorship to drive execution. The programs will leverage classroom time and mentors to deliver training and support to accelerate the commercialization process at scale through identified partners. The expected outcomes are to strengthen the state's medical technology ecosystem and support high-growth startup scaling.
Generated 1/7/24, 2:40 AM