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Southern Research Awarded $500,000 U.S. Department of Commerce Grant to Expand Medical Device Innovation and Commercialization

from PRNewswire

Southern Research has announced the Alliance for Innovative Medical Technology (AIMTech) has won a grant from the U.S. Department of Commerce to expand its proof-of-concept program. The $500,000 award is part of nearly $15 million in funds that have been allocated across 35 organizations in 19 states to create and expand cluster-focused, proof-of-concept and commercialization programs, and early-stage seed capital funds through the Economic Development Administration's (EDA) Regional Innovation Strategies (RIS) program.

The grants are broken into two categories, the i6 Challenge and the Seed Fund Support Grants, with AIMTech being a winner in the i6 group. AIMTech is a collaboration between Southern Research and the University of Alabama at Birmingham (UAB) that was formed in 2014 to build a medical device community in the Birmingham region that can develop, prototype and commercialize medical device technologies. more

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