Colorado is in the planning stages for the development of a "drug, device and diagnostics development institute," Chris Shapard, deputy director of the Colorado BioScience Association (Denver), told Medical Device Daily, to be located at the Fitzsimons Army Medical Center bioscience park (Aurora).
Shapard described the proposed institute as a statewide organization with the mission of doing "a lot of the early stage commercialization work for the technology coming out of our research institutions."
"It's been partly funded by the governor's office," she said. "They have just received a planning grant," with a business plan getting the final touches in the fall, and "up and running" by April of next year.
MDD asked, "Who is the 'they' in operating the institute?"
The candid response: "I don't know who 'they' is yet."
But Shapard noted final planning being done – via funding from the office of Colorado Gov. Bill Ritter – by a steering committee from the bioscience association, Colorado State University (Fort Collins), the University of Colorado (Boulder) and "people at Fitzsimons."
Whatever the final administrative arrangements, Shapard said that the institute will be a joint collaboration between industry and the area's research institutions, focused on building the infrastructure necessary to develop the state's med-tech and bioscience resources.
She said that the institute will seek to develop funding of up to $4 million a year in order "to run the right way."
— Don Long, National Editor