The UM Coulter Program funds 5 – 7 projects per year for an average of over $100,000 each. Each project must involve a collaboration between UM faculty from any college of engineering department and a practicing clinician from a clinical department. Each project aims to generate a new medical device, surgical tool, diagnostic assay or other biomedical tool and is mentored by a team of industry experts to guide projects to the point of start-up, partnering with industry, and/or follow-on funding.
Coulter funding does not require a departmental funding match or cost-sharing of salaries.
Distinctive aspects of the Coulter Program include business assessment work that dovetails with technical milestones for each project. Specific benefits to each 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