Goal 3: Advance Translational Research

Greating grant mechanism for fostering collaboration with industrial partners

There is a disconnect between the cardiovascular devices industry and the basic research that is conducted in the field by biomedical engineering researchers. Technological solutions that the industry is converging to are not well informed by the advances in basic translational research. A distinct funding mechanism should be created for fostering such collaborations. To motivate for profit cardiovascular device manufacturers to take part in it, a portion of the budget would be allowed for the industrial partners. Proprietary issues should be reconciled with the mandate to share the research outcomes with the public. The industrial partners should be motivated by recognizing that they may financially benefit from such collaborations.

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Idea No. 598