Biolocity stems from the expansion of a successful five year pilot in which the program awarded over $6.2 million to 40 innovative projects leading to 20 start-ups, two industry partnerships, and three products on the market. As a result of the Coulter Fund’s successful pilot and the increasing demands for translational funding and mentorship, Biolocity was created to address the need for a broader network of support for university innovators.
“Biolocity extends our successful Coulter Translational Program model to reach a larger, more diverse cohort of innovators at earlier stages of their discovery, guides them using our successful experts-in-residence process, and cultivates individualized links with the commercialization ecosystem,” said Susan Margulies, chair of the Wallace H. Coulter Department of Biomedical Engineering.
Similar to the Coulter program, Biolocity provides university innovators with a combination of investment, resources, and guidance that early-stage medical technologies need to reach critical commercialization milestones. We utilize three collaborative methods to advance translational science to the marketplace:
- Biolocity U provides educational programming in life science commercialization, trains interns on technology assessment and commercialization strategy, and offers year-round consultation opportunities to faculty innovators.
- Biolocity Fund features an annual funding cycle for patient impacting technologies from our partner institutions. Candidates participate in a rigorous application process to identify the most compelling medical technologies to receive funding and coaching.
- Biolocity Launch provides awardees with active project management and a link to the biotech commercialization ecosystem to access resources needed to achieve translational goals.
Bringing both the experience and success of the Coulter process, Biolocity creates a multi-institutional network supporting medical technology commercialization in the southeast. The program adds connectivity across Atlanta while deepening its commitment to Emory University and the Georgia Institute of Technology.
“We are grateful to the Coulter Foundation’s support our pilot and proud of our teams’ successes,” said Shawna Khouri, managing director of Biolocity. “As our program evolves and continues to grow as Biolocity, we look forward to expanding our network with new partners and adding connections within the Atlanta biotech ecosystem.”
To learn more about Biolocity’s upcoming funding cycle and educational opportunities, visit www.biolocity.org.
Biolocity is a philanthropic, multi-institutional network supporting university medical technology commercialization in the southeast. Through a combination of investment, project management, consulting, and educational programming, Biolocity provides early-stage, patient impacting technologies with the resources needed to reach critical commercialization milestones.