Boston Biomedical Innovation Center (B-BIC) is a life sciences accelerator funded by the National Institutes of Health and our member institutions to increase the return on investment in research. We speed the translation of research technologies into products for doctors and their patients, for the good of society.
Our members are a consortium of academic medical centers in Boston including Brigham and Women’s Hospital, Harvard Medical School, Massachusetts General Hospital, and the Massachusetts Institute of Technology.
B-BIC provides funding for technology development and translational research, including regulatory, reimbursement, and business development aspects that are part of an overall commercialization strategy
B-BIC provides coaching for investigators to help them develop commercialization strategies for their technologies.
Coaches help PIs with market assessment, competitive analysis, business models, regulatory and reimbursement paths, and overall risks that may be associated with their project plans. B-BIC coaches all have extensive experience successfully commercializing technologies.
B-BIC project managers bring decades of industry experience and actively engage with investigators to identify, prioritize, and refine objectives, develop critical path-driven project plans, and manage projects to successful exit from the Center. Project Managers work with investigators as part of the team to:
- Manage development and implementation of the project plan from inception to exit from B-BIC
- Identify linkages and dependencies between research, development and commercialization activities
- Identify and assist in the selection of vendors and critical external resources needed to support completion of project milestones
- Facilitate interactions between investigators and relevant external partners (FDA, CMS, industry)
B-BIC offers courses, workshops, expert advisors and community events focused on technology commercialization. DRIVE awards also include custom skills development consultations to integrate both PI experience and the needs of the project with the project milestones.
B-BIC provides access to key Federal partners including the Food and Drug Administration (FDA), the Center for Medicare and Medicaid Services (CMS), the U.S. Patent and Trade Office (USPTO), relevant companies and organizations within industry, and the angel and venture capital investment communities.
Members of the Boston venture capital community review and engage with our funded projects as part of our Technology Assessment and Development Group. Investigators also have the opportunity to present to the group as a whole when their projects could benefit from TADG members’ perspectives and input.
Representatives from our Federal partners, the FDA, CMS, and the USPTO also provide input into each of our funded projects and are available for consultation via our Project Managers.
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The B-BIC program has been invaluable in two ways. First, the grant support has allowed us to bring our device from early prototyping stage to full preclinical testing and now at a point where we can focus on achieving FDA clearance for clinical use. Second, the support of advisors have taught me to navigate the…Read More
This project has advanced my professional development objectives by allowing me to learn much about the technology development and commercialization process. Beyond my conventional academic pursuits, involvement with the B-BIC program has broadened my horizons and underlined the importance of translating promising science from our laboratories towards practical/commercial applications. This work has enhanced my interest…Read More
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B-BIC has been a communicative and supportive organization to work with and the program is well designed. B-BIC has chosen targeted topics and emphasized commercial translation, making the program objectives clear. This aids the proposer in assessing likelihood of winning an award. The involvement of the program managers has been helpful and informative. The proposal…Read More
Here is how B-BIC has helped this project. The money itself. It would be very difficult to raise money for this project from standard sources. Challenging questions from the reviewers. During the review of our preproposal, one challenge from the B-BIC point of contact was that we should design a Phase 3 trial for our…Read More
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