UT2GM148083
Cooperative Agreement
Overview
Grant Description
I-RED Southeast Xlerator Network - Project Summary
I-RED Southeast Xlerator Network, powered by XlerateHealth, LLC in collaboration with the University of Kentucky as the lead academic partner institution, proposes to develop a suite of experience-based entrepreneurship education products and commercialization education tools to address the needs of academic institutions and their faculty, researchers, innovators, and graduate/undergraduate students in the Southeast IDEA States region.
The ultimate aim of these entrepreneurship education and training products is to foster the translation of promising biomedical discoveries and technologies from research laboratories into the creation of commercial products which both improve human health and promote economic growth. As a result, it will significantly enhance commercialization knowledge, mature the entrepreneurial ecosystem, identify more market-ready technologies and patents, see more startup entities formed, increase dilutive and non-dilutive funding to these entities, and accelerate the commercialization of biomedical and health tech innovations in the region – with the fundamental goal of positively impacting human health and patients' lives.
This team has years of experience working with academic institutions, innovators, and healthcare startups in the Southeast IDEA States region (including the previous NIGMS STTR IDEA Regional Technology Transfer Accelerator Award), developing extensive entrepreneurial educational content and delivering entrepreneurial training to biomedical innovators aspiring to become entrepreneurs.
Key team members possess strong and diverse backgrounds that include education and training, technology transfer, clinical practice, startup company creation, venture capital investing, building talent support systems, sales and marketing, social media, and program and product development, among other disciplines.
We will create and deploy the most impactful educational products necessary to further advance the translation of biomedical technologies being developed by academic researchers to the commercial marketplace. I-RED Southeast Xlerator Network will leverage its team's experiences assessing, building, and working with a wide network of highly diverse partners across each state and territory in the Southeast IDEA States region, with a governance structure to optimize communication and ensure extensive prototype testing and validation of unique educational programs and products that will address the needs identified through gap assessment, and achieve strong engagement from our region's innovators in those educational programs and products.
I-RED Southeast Xlerator Network, powered by XlerateHealth, LLC in collaboration with the University of Kentucky as the lead academic partner institution, proposes to develop a suite of experience-based entrepreneurship education products and commercialization education tools to address the needs of academic institutions and their faculty, researchers, innovators, and graduate/undergraduate students in the Southeast IDEA States region.
The ultimate aim of these entrepreneurship education and training products is to foster the translation of promising biomedical discoveries and technologies from research laboratories into the creation of commercial products which both improve human health and promote economic growth. As a result, it will significantly enhance commercialization knowledge, mature the entrepreneurial ecosystem, identify more market-ready technologies and patents, see more startup entities formed, increase dilutive and non-dilutive funding to these entities, and accelerate the commercialization of biomedical and health tech innovations in the region – with the fundamental goal of positively impacting human health and patients' lives.
This team has years of experience working with academic institutions, innovators, and healthcare startups in the Southeast IDEA States region (including the previous NIGMS STTR IDEA Regional Technology Transfer Accelerator Award), developing extensive entrepreneurial educational content and delivering entrepreneurial training to biomedical innovators aspiring to become entrepreneurs.
Key team members possess strong and diverse backgrounds that include education and training, technology transfer, clinical practice, startup company creation, venture capital investing, building talent support systems, sales and marketing, social media, and program and product development, among other disciplines.
We will create and deploy the most impactful educational products necessary to further advance the translation of biomedical technologies being developed by academic researchers to the commercial marketplace. I-RED Southeast Xlerator Network will leverage its team's experiences assessing, building, and working with a wide network of highly diverse partners across each state and territory in the Southeast IDEA States region, with a governance structure to optimize communication and ensure extensive prototype testing and validation of unique educational programs and products that will address the needs identified through gap assessment, and achieve strong engagement from our region's innovators in those educational programs and products.
Awardee
Funding Goals
NOT APPLICABLE
Grant Program (CFDA)
Awarding / Funding Agency
Place of Performance
Kentucky
United States
Geographic Scope
State-Wide
Related Opportunity
Analysis Notes
Amendment Since initial award the End Date has been extended from 02/14/23 to 02/28/25 and the total obligations have increased 1221% from $252,000 to $3,329,866.
Xleratehealth was awarded
I-RED Southeast XLerator Network
Cooperative Agreement UT2GM148083
worth $3,329,866
from the National Institute of General Medical Sciences in August 2022 with work to be completed primarily in Kentucky United States.
The grant
has a duration of 2 years 6 months and
was awarded through assistance program 93.859 Biomedical Research and Research Training.
The Cooperative Agreement was awarded through grant opportunity IDeA Regional Entrepreneurship Development (I-RED) Program (STTR) (UT2 Clinical Trial Not Allowed).
SBIR Details
Research Type
STTR Phase I
Title
I-RED Southeast XLerator Network: Business Fundamentals for Core Facility Directors
Abstract
Project Summary Biomedical research is increasingly reliant on sophisticated technology that requires advanced technical skills. This shift in structure of academic research environments demands sufficient resources to perpetuate cutting edge research programs. Therefore, there is an increasing need for highly functional institutionally-based cores providing services with a rate structure that facilitates optimal use of funding sources. While service core facilities are desired in the research landscape, it is widely acknowledged that these operations face many challenges to deliver useful products on a sustained basis. A common institutional deficiency of service core management is lack of consistent development and oversight. Core implementation and maintenance are frequently performed in the absence of formal business and organizational training for the institute, directors, and staff. This gap has highlighted the need for training, and potentially certification, of those engaged with supervision and operations of service cores. This gap could be filled by a curriculum that covers a spectrum of considerations for developing and managing successful cores. Based on this rationale, the central theme of this proposal is to develop a curriculum providing institutional assistance for all offices and individuals associated with service cores to facilitate an enhanced research and related business acumen environment for the hosting institute. The proposed curriculum will be organized to contain the following elements: Element 1. Phases of cores for implementation and sustainability. Element 2. Staff and equipment availability plan. Element 3. Fiscal management. Element 4. User base growth of core facilities. Element 5. Value of cores to the academic mission of the institute. The plan for the implementation of the curriculum is that extensive content will be provided in a visual mode that will facilitate assimilation of the material. After piloting this curriculum with the IDeA States’ core personnel, we intend to develop this into a product to be offered on a continuous basis to personnel in diverse locations.Project Narrative Biomedical research is increasingly reliant on sophisticated technology that requires advanced technical skills, and this shift in structure of academic research environments demands sufficient resources to perpetuate cutting edge research programs. Therefore, there is an increasing need for highly functional institutionally- based cores providing services with a rate structure that facilitates optimal use of funding sources. Based on this rationale, the central theme of this proposal is to develop a curriculum providing institutional assistance for all offices and individuals associated with service cores to facilitate an enhanced research and related business acumen environment for the hosting institute.
Topic Code
NIGMS
Solicitation Number
PA20-272
Status
(Complete)
Last Modified 3/20/24
Period of Performance
8/15/22
Start Date
2/28/25
End Date
Funding Split
$3.3M
Federal Obligation
$0.0
Non-Federal Obligation
$3.3M
Total Obligated
Activity Timeline
Transaction History
Modifications to UT2GM148083
Additional Detail
Award ID FAIN
UT2GM148083
SAI Number
UT2GM148083-407110319
Award ID URI
SAI UNAVAILABLE
Awardee Classifications
Small Business
Awarding Office
75NS00 NIH NATIONAL INSTITUTE OF GENERAL MEDICAL SCIENCES
Funding Office
75NS00 NIH NATIONAL INSTITUTE OF GENERAL MEDICAL SCIENCES
Awardee UEI
JYN1A3M4LD29
Awardee CAGE
7ZTT2
Performance District
KY-90
Senators
Mitch McConnell
Rand Paul
Rand Paul
Budget Funding
| Federal Account | Budget Subfunction | Object Class | Total | Percentage |
|---|---|---|---|---|
| National Institute of General Medical Sciences, National Institutes of Health, Health and Human Services (075-0851) | Health research and training | Grants, subsidies, and contributions (41.0) | $1,829,867 | 100% |
Modified: 3/20/24