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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
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

m2d2 resources
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
successful funding efforts nih sbir sttr
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

matching fastlane loan fund
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

aura medsystems photochemical tissue bonding mass life sciences accelerator grant m2d2 fastlane
Aura MedSystemsPhotochemical Tissue BondingMass Life Sciences Accelerator GrantM2D2 FastLane

PTB sutures

PTB sutures

Fig. 3: Patient 20 (lower abdomen)

2 weeks

6 months

vista
Vista

A. Topical Ophthalmic Drug Delivery Device

B. Nanosphere – Antibiotic Corneal Contact Lens

$1,600,000 NIH SBIR Grant

AB

safepath
SafePath

Safety Suture Needle

Eliminates accidental needle stick

injuries in hospitals.

cmb biosciences
CMB Biosciences

Electrospun Silk Bandage for Burns

nano bps miniature fiber optic blood pressure sensor
Nano BPSMiniature Fiber Optic Blood Pressure Sensor

Coronary angiography following introduction of the UML fiber pressure sensor into the LAD.

medicametrix
MedicaMetrix

ProstaGlove – Prostate Measurement

M2D2 FastLane Award

dartmouth medical
Dartmouth Medical

BIODEGRADABLE CRANIOMAXILLOFACIAL

BONDING SYSTEM

slide14

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

slide15

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