Tulane University and LSU Health New Orleans have selected the New Orleans BioInnovation Center (NOBIC) as the statewide implementation partner for a newly launched initiative to augment business development efforts and accelerate the commercialization of life science research from university labs to biotechnology startups in the region and to existing companies around the world.
NOBIC will work closely with the two universities to deliver programing, business development tools and educational resources for the Southeast Xlerator Network, a newly created life sciences accelerator hub backed by a consortium of 24 academic institutions, including LSU Health and Tulane.
The National Institutes of Health, which is the gold standard in federal research funding, awarded more than $149 million in grants last fiscal year to life sciences investigators at LSU Health and Tulane University School of Medicine, Tulane University School of Public Health & Tropical Medicine and Tulane National Primate Research Center.
Through NOBIC, the Southeast Xlerator Network will provide expertise in technology transfer, engage leading industry partners and promote an entrepreneurial culture throughout the region. It will also provide tools to help researchers compete for more Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants to advance research discoveries and launch new ventures.
The Southeast Xlerator Network was announced in October as one of four regional hubs being created through the Institutional Development Award (IDeA) Program developed for states that have historically had low National Institutes of Health research funding and disproportionately few SBIR and STTR awards.Tags: Friday Letter Submission