In 2011, Coulter agreed to provide $200,000 in startup funds as well as $666,667 each year for five years, while MU kicks in $333,333 per year over the same period, totaling $5.2 million. Each research project this year will receive about $100,000.
A Coulter awards ceremony will be held 10 a.m. Friday in the Great Room of the Reynolds Alumni Center. All are invited to attend.
The funding helps fill a critical gap between patent-ready university research and when it becomes attractive to investors, said Jake Halliday, the Coulter Translational Partnership Program Director. During the gap, worthwhile projects can go bust due to fiscal constraints.
“Coulter ‘gap funding’ is expressly to enable MU researchers to do additional work on their innovations to move them from where they sit today to the point where they can attract the interest of venture capital sources or established biomedical companies willing to license and commercialize the technologies,” Halliday said. […]