The Boston Biomedical Innovation Center (B-BIC) offers funding and resources to academic investigators in order to foster technology development and accelerate translational research on device, diagnostic, and therapeutic technologies for the well-being of patients and society. B-BIC is currently focused on technologies aimed at improving patient care in heart, lung, blood, and sleep disorders.
B-BIC provides funding for: studies aimed at technology development and translational research; regulatory, legal, and business development expertise; and entrepreneurial training.
B-BIC DRIVE grants provide up to $200,000 for direct costs, with significant involvement from the Center, to support milestone-based projects. DRIVE projects may take 18 - 24 months and are expected to include proof-of-value and validation studies for commercial translation of the technology.
B-BIC offers pilot grants up to $50,000 to support direct costs for one year. Pilot projects may include feasibility studies as well as experiments to test the reproducibility of hypothesis-driven research with a goal of developing the commercial value of the technology.