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Startup Professionals Musings: Grant Applications Often Provide Early-Stage Funding

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A critical stage for most first-time entrepreneurs is getting their idea developed into at least a prototype to validate their technology. This process costs money, which professional investors are not willing to contribute, since their interest is in scaling a proven product and business model into a growth business. Investors want potential for a large and timely return, with reduced risk.

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Get Expert Perspectives on Real World Evidence – Pediatric Device Symposium

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Register now for our 6th Annual Pediatric Device Innovation Symposium on Sunday, Sept. 23, in Philadelphia– one day before The MedTech Conference powered by AdvaMed as we co-locate again this year.

Join the conversation as our experts dive deep into the topic “Using Real World Evidence to Drive Pediatric Innovation”

Program highlights include a live podcast of “BioTalk with Rich Bendis” featuring Vasum Peiris, MD, Chief Medical Officer for Pediatrics and Special Populations, Food & Drug Administration.

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NIH grants will spur innovation in under-resourced states – National Institutes of Health (NIH)

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Four new grants will help to move scientific discoveries and technologies out of the lab and into commercial products that improve patient care and enhance human health. Awards for Regional Technology Transfer Accelerator Hubs for Institutional Development Award (IDeA) states will total almost $2 million in the first year and potentially more than $13 million over three years, pending the availability of funds. The grants are managed by the National Institute of General Medical Sciences (NIGMS), part of the National Institutes of Health (NIH).

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IMET Science-Industry Partnerships Awarded for Maryland Research | imet

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Institute of Marine and Environmental Technology scientists have received grants from the Maryland Industrial Partnerships (MIPS) program to support new technology product development projects in Maryland. The projects, averaging $90,000 in value, each feature a collaboration between University System of Maryland faculty members and Maryland companies. Projects are jointly funded by both MIPS and participating companies. All funding goes to the university research.

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Useful Stats: Science and engineering R&D at colleges and universities, by state and metro area | SSTI

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Federal funding for S&E R&D grew by $7.2 billion from 2002 to 2016, reaching more than $31.6 billion. This represents a 29.4 percent increase during the period, or approximately 2.0 percent per year, according to an SSTI analysis of data from the National Science Foundation’s National Center for Science and Engineering Statistics. Among states, California ($4.3 billion), New York ($2.4 billion), and Maryland ($2.3 billion) received the most in federal funds for S&E R&D in 2016, while Baltimore ($2.0 billion), New York City ($1.7 billion), and Boston ($1.3 billion) led among metropolitan areas.

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