WVU, partners announce regional hub to train entrepreneurs, commercialize healthcare technology

Stories | WVU Today | West Virginia University

Hoping to speed up the move from idea to
application, West
Virginia University and 23 other regional institutions have come
together to create a “virtual hub” that will ultimately help speed the
commercialization of groundbreaking university research. 

WVU, as part of its commitment to create and
support a strong entrepreneurial culture in the state, will collaborate with
XLerateHealth, a small business that focuses on healthcare technology startups
and commercialization. 

The hub will help accelerate cutting-edge biomedical technologies and
products move from the laboratory into the marketplace and commercialize new
innovation in pharmaceuticals, medical devices, healthcare IT and electronics. 

WVU, the University of Kentucky and the University of Louisville
co-lead the university side of this effort and organized a consortium of participating
regional universities to collaborate with XLerateHealth. 

“This biomedical technology accelerator will provide
unparalleled opportunities to bring the brightest minds together to advance and
commercialize technologies that can truly make a difference in
people’s lives here in West Virginia, across Appalachia and beyond,” WVU
President Gordon Gee said.
“West Virginia University is pleased to be able to join forces with
so many of our neighboring institutions to
deliver world-changing discoveries and innovation that will generate
economic opportunities while leveraging breakthroughs in healthcare.” 

Through the creation of this online “virtual hub,” WVU, XLerateHealth,
UK and UofL will coordinate programming, educational resources and
commercialization tools for all participating institutions to utilize. There
will also be support services to help entrepreneurs protect their intellectual
property, assist in
technology transfer that will forge mutually beneficial relationships between
researchers and the business community and offer business coaching, business
incubation and networking opportunities. 

“As WVU’s health research embodies
partnerships, innovation and workforce development, we are excited to help pave
the way for more leading researchers to commercialize their advanced
technologies and products that could ultimately save lives, revolutionize our
healthcare system and boost regional economic opportunities,” …

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