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.
Written by Carl Berke, PhD. Partner at the Partners Innovation Fund Thomas Edison famously remarked, “Invention is 1% inspiration and 99% perspiration”. The Wizard of Menlo Park was a prolific inventor who never left his lab, but his intellectual property was adopted by a plethora of companies who translated his technology into products that delighted…Read More
By Lesley Watts When describing the financial support necessary to develop a technology, the first step is to be clear about the scope of the work you are addressing, as no single source of funding will be able to support all of the associated R&D costs. Anyone who is assessing your project plan will want…Read More
Q: Do I need to have slides? A: Pitches only need to address the suggested elements. Use of reference materials or other visual elements is welcome if they help convey the product concept and can be shared using your laptop screen. AV equipment will not be available. Q: How formal will the pitches be? A:…Read More
Keep pitch short and focused on the technology and its commercial application. Limit the discussion of preliminary results, and focus on the most relevant results with conclusions – not data. Present the science within the context of the business strategy. OUR NEXT FAST PITCH FOR FUNDING is Wednesday, January 30, 2019 from 10am – 12pm at NORTHEASTERN UNIVERSITY,…Read More
Co-authored by Erin McKenna, B-BIC Deputy Director & Ron Blackman, B-BIC Sr. Project Manager. When considering a development path needed to move technology to the clinic and beyond, it’s essential to address two questions: Who will support the development of your technology, and what will they want to see to believe it can be commercialized? Who Will Support…Read More
TITLE: CardioptOx: A new real-time quantitative cardio-pulmonary monitoring technique for improved patient care. TYPE OF AWARD: Pilot TECHNOLOGY TYPE: Diagnostic Device CLINICAL AREA: Heart INSTITUTION: Boston University DESCRIPTION: Approximately 600,000 deaths per year are attributed to cardiopulmonary disease in the US. Many patients suffering from cardiopulmonary disease experience complications that require hospital and intensive care unit (ICU) stays.…Read More
Contributed by Ed Berger Principal Larchmont Strategic Advisors Reimbursement strategy counsel to companies across the life sciences spectrum A basic understanding of the healthcare reimbursement system is an important success factor for any entrepreneur developing a new medical product. Reimbursement is critical to opportunity assessment, business plan development, investor due diligence, and commercial success. The…Read More
Contributed by Lesley Watts, Director of B-BIC Operations & Finance Intellectual property is the product of a person’s creativity and it can take several forms including patents, copyright, trademarks, and trade secrets. Patents play a key role in innovation and economic development, particularly in the life sciences, because they allow the patent holder to capture the…Read More
WATCH: B-BIC’s Work With Platelet Biogenesis One of B-BIC’s first grant recipients was Jonathan Thon, a researcher based at Brigham and Women’s Hospital. Jonathan and his team had been researching two technologies necessary for producing platelets outside of the body. They had achieved promising results that demonstrated a microfluidic platform could simulate bone marrow physiological…Read More
Contributed by John Randle, Phd B-BIC COACH PRINCIPAL, RANDOM WALK VENTURES, LLC COO, KANTUM BIO Most new technologies and products will require regulatory scrutiny and approval prior to marketing. These requirements vary widely depending on the nature of the technology/product and their intended medical use, as well as the regulatory precedent set by existing…Read More
RECIPIENT: Dr. Ehud Schmidt TITLE: An MRI-Compatible Voltage Device Tracking For Multimodality Electrophysiology TYPE OF AWARD: PILOT INSTITUTION: Brigham and Women’s Hospital DESCRIPTION: Ehud Schmidt, PhD, Director of Engineering Physics in the Department of Radiology, Brigham and Women’s Hospital, and Associate Professor at Harvard Medical School receives a Pilot award to develop MRI-compatible voltage device tracking for multimodality…Read More
RECIPIENT: Dr. Warren Zapol TITLE: Portable and Affordable Lightweight NO Generator TYPE OF AWARD: DRIVE INSTITUTION: MGH DESCRIPTION: Warren Zapol, MD, Director of the MGH Anesthesia Center for Critical Care Research at Massachusetts General Hospital, receives a DRIVE award to develop electric nitric oxide generation for medical purposes. Inhaled nitric oxide (NO) was approved by the FDA…Read More
Contributed by Erin McKenna, B-BIC Deputy Director After the dip in investment in early-stage biotechnology in 2008, the number of funding opportunities for early-stage technologies has been increasing in recent years. Despite this promising trend, finding and securing the funding necessary to move your research out of the lab and towards commercialization is still a…Read More
Contributed by Josh Tolkoff The most common reason for the commercial failure of a start-up entity is not having a compelling clinical need. What exactly is an “unmet need”? An unmet need is something more than an incremental improvement, and once it exists in the market it will make a substantial change for the better.…Read More
Contributed by Ron Blackman In our previous newsletter, we described how to identify the unmet need that will be served by your device or therapeutic, and here we will help you build the case that you have a solution to meet that need. A number of points should be addressed and we will go through…Read More