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Columbia Joins Coulter Biomedical Engineering Partnership

Columbia University Quad at night (Beraldo Leal/Flickr)Columbia University in New York and the Wallace H. Coulter Foundation in Miami will establish the Columbia-Coulter Translational Research Partnership, part of a network of biomedical engineering and translational research institutions in the U.S. The program is expected devote $5 million in funding over five years, with two-thirds of the funds from the Coulter Foundation, and one-third from Columbia.

The Columbia program will operate from the biomedical engineering department in the university’s School of Engineering and Applied Science. The funds will go to biomedical technology projects deemed to have the best chance of achieving commercial success, which the foundation defines as a license of the technology to a commercial partner with the resources and expertise to bring the technology to market.

The Columbia projects are expected to focus on medical devices, diagnostics, and health care information technology. The foundation says it has funded more than 200 such projects at 10 universities. Of those 200 projects, 24 have resulted in licenses to established industrial partners, and 28 projects have served as the basis for start-up companies. Those companies have raised, says the foundation, some $150 million in investment capital and several hundred million dollars in governmental funding.

Columbia is among six universities in the second round of Coulter Foundation Translational Partnership Awards. The other schools are Johns Hopkins University in Baltimore, University of Louisville, University of Missouri, University of Pittsburgh, and University of Southern California in Los Angeles.

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Photo: Beraldo Leal/Flickr

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