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RTP Nonprofit MEDIC Launches Fundraising Campaign

By Mindy Hamlin, NCBiotech Writer

The Medical Innovators Collaborative (MEDIC) has launched its first fundraising campaign to support its work as a medical device hub in the Research Triangle Park.

Students and professors founded the nonprofit in 2016 as a spinoff of the University of North Carolina and North Carolina State University Biomedical Engineering Department.

That year, MEDIC received the Research Triangle Foundation’s Catalysts for Innovation Award, an $85,000 prize that included a collaborative workspace located at the Frontier in RTP.

MEDIC President Andy Taylor

Leveraging the award, MEDIC has spent the last year developing a pipeline for new medical device technologies. MEDIC’s space provides a central environment for college students, innovators, entrepreneurs and industry professionals to collaborate on the development of the next generation of medical devices.

In addition to the Catalysts for Innovation Award, MEDIC also received a grant from the Lineberger Cancer Center. The organization has also formed partnerships with leading biotech and device technology companies across the state.

MEDIC’s executive team has set a goal of $50,000 for its fundraising campaign, to support the organization’s goals for the next year.

“Starting in 2018, we will be developing 15 biomedical technologies every year and training up to 75 students in medical product development,” said MEDIC President Andy Taylor at the RTP 180 event on biomedical engineering. “This will lead to up to five new biomedical device companies in North Carolina every year.”

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