The Georgia Institute of Technology and Morehouse School of Medicine (MSM) today announced the launch of a new initiative that will support MSM’s commercialization efforts to create health technology (HealthTech) startups.
The effort brings the Institute’s globally recognized technology incubator — the Advanced Technology Development Center (ATDC) — to the MSM campus, ranked the No. 1 medical school in the nation in fulfilling its social mission and the top ranking historically black college or university for producing patents (2009-2019).
“We’re excited to forge this effort between our two schools that will help translate ideas that may start in the lab to real-world solutions for minority and rural populations in healthcare,” said James W. Lillard, Ph.D., MSM’s associate dean for research and director of the Office of Translational Technologies. “This initiative leverages the research rigor and innovations developing at Morehouse School of Medicine with Georgia Tech’s proven ATDC model of helping technology entrepreneurs create viable, scalable companies.”
The collaboration with MSM, the eighth for ATDC through its ATDC @program, continues the incubator’s mission of working with technology startups across Georgia. The catalyst for this initiative was an i6 Challenge grant the U.S. Department of Commerce awarded to Georgia Tech in 2015.
That $500,000 grant, secured by Tech’s Innovation Ecosystems group, supported wide-ranging innovation and entrepreneurship initiatives across the state. In Atlanta, it called for the Institute to collaborate with Georgia State and Clark Atlanta universities, Morehouse College, the Morehouse School of Medicine, and Spelman College to develop entrepreneurship programs that supported their unique visions.
The ATDC @ MSM will provide the medical school with a full suite of services and educational programming to support entrepreneurship in the HealthTech arena among faculty, staff, and students on the MSM campus. The core goal is to help entrepreneurs gain insight into successful HealthTech commercialization, through the program, which includes curriculum, connections, and coaching.
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