December 12, 2007
Medical Device Centers Nab Funding
The Massachusetts Medical Device Development Center (or M2D2), a collaboration of UMass Lowell and UMass Medical Center in Worcester, will receive a $500,000 grant this afternoon from the Massachusetts Technology Collaborative's John Adams Innovation Institute.
The grant aims to help entrepreneurs develop new medical device ideas. M2D2 is now working with companies from around the state to develop products including a system to prevent elderly people from falling, a dissolvable heart stent and a system that uses contact lenses to deliver glaucoma drugs.
M2D2 already received $150,000 from the institute, and UMass Lowell is seeking funding from the state life sciences board to transform the Institute for Plastics Innovation, which houses M2D2, into an innovation center for life sciences.
The grant aims to help entrepreneurs develop new medical device ideas. M2D2 is now working with companies from around the state to develop products including a system to prevent elderly people from falling, a dissolvable heart stent and a system that uses contact lenses to deliver glaucoma drugs.
M2D2 already received $150,000 from the institute, and UMass Lowell is seeking funding from the state life sciences board to transform the Institute for Plastics Innovation, which houses M2D2, into an innovation center for life sciences.
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