Launch the start-up academy, which will formalize a network of navigation resources, mentorship opportunities, and funding to help innovators successfully scale and launch their bioproducts in the…
Active Project Grant Awarded Last action
- Award ID
- ED24HDQ0G0469
- Recipient
-
Applied Research Institute Inc. UEI PHLNLR2KFJQ5
- Awarding agency
-
Economic Development Administration
Department of Commerce
- Obligated
- $11,902,664
Award facts
- Assistance listing
- 11.039 Regional Technology and Innovation Hubs
- Completion date 41% complete
- Place of performance
- Woodbridge, IN 47408, USA
Award details come from USAspending.gov.
Description
- Activities
- 1) hire biolaunch staff to inventory and build connections to regional biotechnology and entrepreneurship resources. 2) launch and grow the start-up academy to assist and attract biotech innovators to the region. Start-up academy will help biotech innovators navigate and connect to the resources and mentorship necessary to grow their companies. 3) coordinate the region?s strong contract development and manufacturing organization (cdmo) capacities and capabilities and robust pilot-scale lab network, funneling US innovators to these resources. Enable small biotech innovators to surmount key barriers from lab to market by accelerating and supporting access to regional scale-up and manufacturing resources.
- Expected outcomes
- A robust network of resources available to biotech innovators to help them launch their products in the region. New founder community formed, innovators engaged in conferences and events, and mentorship made available to entrepreneurs. 280 biotech firms receive concierge services, 140 biotech firms receive mentoring services, and 700 or more hours of mentoring provided by year 5. Develop the biocan grants process, evaluation, and selection criteria and the grants portal. 36 innovators will receive grants, 28 new products are manufactured by regional cdmos, and 34 innovators matched with lab space by year 5.
- Intended beneficiaries
- Innovators and entrepreneurs benefit from curated biotech resources, support services, community, funding, and mentorship. Contract development and manufacturing organization gain opportunity to produce new products.
- Subrecipient activities
- Biocrossroads will support review and curation of regional biotechnology and entrepreneurship resources, as well as the launch and growth of the start-up academy.
Subawards
| Subrecipient | Amount | Awarded |
|---|---|---|
| 64-X, Inc. | $500,000 | |
| Pop Biotechnologies Inc. | $291,000 | |
| Neela Therapeutics, Inc. | $209,000 | |
| Lyowave, Inc. | $112,000 | |
| Adipo Therapeutics, LLC | $400,000 | |
| Haima Therapeutics LLC | $238,000 | |
| Central Indiana Corporate Partnership | $130,725 | |
| Central Indiana Corporate Partnership | $671,220 |
Quick answers
Who received award ED24HDQ0G0469?
ED24HDQ0G0469 was awarded to Applied Research Institute Inc. by Economic Development Administration (Department of Commerce) on October 1, 2024.
How much is award ED24HDQ0G0469 worth?
$11,902,664 has been obligated on ED24HDQ0G0469.
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