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Wednesday, October 21, 2009

University City Science Center, the nonprofit West Philly medical-college-tech landlord, has granted $100,000 each to three professors to help sell medical devices they've developed. Their employers have matched the grants, doubling total value to $600,000.

The money will be used to build prototypes "that can hopefully be licensed or funded to a separate company to make the product," the center's director, Stephen Tang PhD, told me. He also said the winning doctors will be introduced to local investors and life-science companies in hopes they'll take the devices commercial.

The center set aside $1 million to fund its share of the "QED Program" grants (QED is Latin shorthand for "Proved it"), plus future grants (more below). Staff from the state-subsidized BioAdvance and Ben Franklin Technology Partners funds and private Integra Life Sciences helped pick these first-round winners:

- "A portable, low-cost, radiation-free breast cancer screening device" that can see through young women's dense breast tissue looking for tumors, by a team led by Dr. Wan Shih of Drexel University.

- "Nanostructured thin films for reducing bacterial infection" in bone repairs, to a team led by Dr. Paul Ducheyne at the University of Pennsylvania. If they work, the films would cut complications from compound fractures.

- "A handheld wound-healing monitor, being developed by Dr. Elisabeth Papazoglou and her team at Drexel University," to help doctors "assess healings in complex wounds, such as diabetic ulcers," at low cost.

The Center has invited scientists from other local institutions to apply for a second round of funding at www.sciencecenter.org/qed-rfp   They'll do it yet again next April.

 
 


 

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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com