MUSC forms Institute for Applied Neurosciences to create companies from research

April 3, 2013

MUSC forms Institute for Applied Neurosciences to create companies from research

Institute has for-profit partner for funding commercialization ideas (original article)
Stacy Williams Shuker on March 29, 2013 at 9:34am

The Medical University of South Carolina has formed a non-profit technology accelerator from within the Department of Neurosciences that will be funded by a for-profit organization to move the ideas to commercialization and new companies.
The Institute of Applied Neuroscience has Dr. Sunil Patel the clinical chair of the Department of Neurosciences as its chairman and president.

“The mission is to integrate the engineers and entrepreneurs who can apply ideas to problems within the ongoing research and clinical practice in neurosciences, and mine the intellectual property and then commercialize that technology,” said Mark Semler, Chief Technology Officer. “Certainly, we want to use the technology to create jobs here to capitalize on and expand the immersion model.”

Agreements with the for-profit partner that will provide early seed funding are still being completed. “The for-profit portion will help us develop the technology to a proof-of-concept stage,” he said.

The staff includes Dr. Bruce Frankel, as chief medical officer, and Debbie Bordeau as director of development. Other staff  are expected to be hired throughout the next two years.

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