The Life Sciences Discovery Fund (LSDF) today announced nearly $1.5 million in Proof of Concept grants to Washington for-profit and nonprofit organizationsto foster translation of health-related technologies from idea to market launch. Also announced was over $300,000 in supplemental funding to two ongoing grants to enhance the commercial potential ofthe technologies developed through those awards.
“LSDF continues to be impressed with the high quality of the technologies emerging from Washington’s research organizations and companies, and we are pleased this quarter to announce our largest cohort of commercialization-focused awards to date,” stated LSDF
executive director John DesRosier. “These grants are intended to accelerate commercial development of promising technologies that will enhance the health of Washington’s residents and contribute to economic prosperity.”The grant supplement to the University of Washington builds upon LSDF-funded initiatives thathave improved surgical care, saved the state over $67 million dollars in health-care costs, and
saved hundreds of lives. LSDF will provide up to $285,204 to principal investigator David Flum to expand these activities to engage patients before they enter the hospital and to develop a business model.