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M2D2 Massachusetts Medical Device Development Center UMass Lowell & Worcester

M2D2 Massachusetts Medical Device Development Center UMass Lowell & Worcester. Connect the Resources of the University of Massachusetts to Medical Device firms within Massachusetts 26 UMass Lowell and 18 UMass Worcester Faculty Steering Committee – 24 Investment and Industry Leaders.

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M2D2 Massachusetts Medical Device Development Center UMass Lowell & Worcester

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  1. M2D2Massachusetts Medical Device Development Center UMass Lowell & Worcester Connect the Resources of the University of Massachusetts to Medical Device firms within Massachusetts 26 UMass Lowell and 18 UMass Worcester Faculty Steering Committee – 24 Investment and Industry Leaders Workforce Training Incubators/ Facilities M2D2 Business Realization Process Product Realization Process M2D2 Worcester

  2. M2D2 Resources • Assistance with: • Defining Market & Business Opportunity • Prototype Development • Clinical Trials Assistance • Funding • Grant Development, Loans, Investors • Space • Wet/Dry Labs, Office • Networks of People & Resources

  3. Successful Funding Efforts - NIH SBIR/STTR $150,000 8 proposals submitted60% success $2.2MM (ROI > 10 x) Develop a “Winning” Proposal / Electronic Application “Experts” and Facilities to Insure Success 1. VasoTech Worcester - Lowell, MA$1.2 Million Biodegradable Polymer Drug Eluting Stent 2. Vista Scientific Lawrence, MA$318,000 Nanosphere-Antibiotic Corneal Contact Lens 3. Source Production Andover, MA$500,000 Brachytherapy for Lung Cancer 4. KazakWoburn, MA $100,000 Portable Jaws of Life 5. Aragon Lowell, MA$100,000 Neuromuscular Biosensor M2D2 Worcester

  4. Matching “FastLane” Loan Fund $500,000 JAII Project Award up to $150K/company Business Assessment / Medical Assessment (15) Prototype / Manufacture / Animal & Clinical Trials / IP / FDA (5) M2D2 Worcester

  5. Aura MedSystemsPhotochemical Tissue BondingMass Life Sciences Accelerator GrantM2D2 FastLane PTB sutures PTB sutures Fig. 3: Patient 20 (lower abdomen) 2 weeks 6 months

  6. Vista A. Topical Ophthalmic Drug Delivery Device B. Nanosphere – Antibiotic Corneal Contact Lens $1,600,000 NIH SBIR Grant AB

  7. VasoTechBiodegradable Drug Eluting Stent$1,200,000 NIH STTR

  8. SafePath Safety Suture Needle Eliminates accidental needle stick injuries in hospitals.

  9. CMB Biosciences Electrospun Silk Bandage for Burns

  10. Nano BPSMiniature Fiber Optic Blood Pressure Sensor Coronary angiography following introduction of the UML fiber pressure sensor into the LAD.

  11. Smart SurfacesReactive Mattress to Prevent Pressure UlcersM2D2 FastLane Award

  12. MedicaMetrix ProstaGlove – Prostate Measurement M2D2 FastLane Award

  13. Dartmouth Medical BIODEGRADABLE CRANIOMAXILLOFACIAL BONDING SYSTEM

  14. M2D2 Facilities / IncubatorRegional Innovation Center$4 Million Capital Commitment • Gov. Deval Patrick and Sen. Steven Panagiotakos • Help Establish Innovation Center at UMass Lowell M2D2 Worcester

  15. M2D2 Facilities / IncubatorRegional Innovation Center • Wannalancit Mill- 1st Floor – Office / Conference (6K s.f.) • 333 Aiken St. - Shared Wet Lab Space (6,000 sq ft.) • 3. Wannalancit Mill – 2nd Floor- New Offices / Labs / Conf. • (15,000 sq. ft.) - Spring 2011 M2D2 Worcester

  16. M2D2 Steering CommitteeIndustry Focused & Engaged M2D2 Worcester

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