The University of Massachusetts Lowell was awarded a $1,174,456 project grant from the Department of Commerce Economic Development Administration under the Economic Adjustment Assistance program (CFDA 11.307) to support the Innovative Medical Products - Action, Commercialization, Technology (IMPACT) initiative. The funding will support the development and commercialization of innovative medical technologies and products through April 2023. As the parent organization of the awardee, the University of Massachusetts system will oversee delivery of services to advance technologies from concept to market readiness and facilitate partnerships between researchers, entrepreneurs and industry. The EDA grant program aims to assist regions impacted by adverse economic changes, and this award will help stimulate the medical technology sector in Lowell, Massachusetts through applied research and product development activities.
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