Wake Forest Baptist Medical Center has created a $15 million program to develop the ideas, discoveries and inventions of its faculty and staff members into life-science technologies that can benefit patients.
The Technology Development Program will be operated by Wake Forest Baptist in partnership with Pappas Capital, a science investment firm based in Durham. Pappas Capital will manage the money for the program with Wake Forest Innovations, which is responsible for accelerating the commercialization of the specialized research capabilities for licensing to established companies or startups.
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