The UM Coulter Program brings biomedical innovations into healthcare through a commercial entity.
The program funds 5-7 projects per year for an average of $100,000 each. Each project must involve a collaboration between U-M faculty from any College of Engineering department and from a clinical department. Each project aims to generate a new medical device, surgical tool, diagnostic assay, or other biomedical tool. Project teams are mentored by a team of experienced industry experts to guide projects to the point of licensing the intellectual property into a start-up company that goes on to raise funding from Angels or Venture Capitalists, or licensing the intellectual property to an existing revenue-generating company.
Specific benefits provided to each Coulter project include:
- New product planning support
- Business development support
- Market Research
- Regulatory guidance
- Follow-on funding guidance
- Mentorship from the Oversight Committee
- The C3i Commercialization Planning Program (see information on the C3i Program page or download the C3i Overview Flyer)
- Salary support
- Departmental cost-sharing not necessary