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The Massachusetts Medical Device Development Center (M2D2) recently hosted an introductory open house for entrepreneurs, inventors and executives of small businesses in the medical device industry. The event was designed to educate them on M2D2’s services, including how the Center can help access federal funding to grow their ventures through the U.S. National Institutes of Health’s Small Business Technology Transfer (STTR) program.
About 20 local businesses and industry groups participated in the half-day meeting held Jan. 16 at Wannalancit Mills. “The response from the companies present was very positive,” says M2D2 Co-Director Stephen McCarthy. “Many of them said they’re going to apply for STTR funding through the Center.”
M2D2 is a joint venture of the Lowell and Worcester campuses of the University of Massachusetts, in partnership with MassMEDIC, medical device companies and investment firms, and support from the Massachusetts Technology Collaborative. The Center assists emerging medical device companies by providing technical expertise in business planning, development of product prototypes and clinical testing to create “proofs of concept” ready for commercialization.
The next deadline to apply for STTR grants is April 7. For more information, visit http://www.uml.edu/m2d2 or contact Stephen_McCarthy@uml.edu.