MEDIC Launching Inaugural Fundraising Campaign

MEDIC Launching Inaugural Fundraising Campaign
RESEARCH TRIANGLE PARK, N.C. -- The Medical Innovators Collaborative (MEDIC), bridging the valley between ideation and commercialization, is launching its inaugural innovation fundraising campaign October 16-27, 2017. The effort comes as the 501(c)(3) nonprofit wraps-up its first year of increasing the pipeline of new biomedical products and startups within North Carolina while immersing local students in an industry environment.



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

Located at The Frontier in Research Triangle Park, MEDIC is an open, collaborative space bringing together innovators and entrepreneurs such as academics, caregivers, industry professionals, and students in the development of quality medical technologies. To-date, MEDIC has been funded through grants from the Research Triangle Foundation and the Lineberger Cancer Center. In addition, 14 companies have pledged to donate services towards their cause including Citrix and Jenkins, Wilson, Taylor & Hunt.

“The services these organizations are providing have given us the capability to drive real medical innovation in the state;” Taylor said, adding, “It also allows us to immerse the students we work with in an environment of industry experts, teaching them the tools of the trade as they develop real medical products.”

MEDIC is looking to raise $50,000 in the upcoming campaign.  Each gift toward the organization will support the development of new life-saving devices, the training of the next generation of the medical technology industry, and help build the economy of North Carolina by starting new companies and creating new jobs.

Tim Martin, Assistant Director of KickStart Venture Services at the University of North Carolina at Chapel Hill and advisor to MEDIC, said, “The medical community of North Carolina is excited about the programs MEDIC is providing. If we can unite the community around this campaign and build support across the state, we will have no problem raising the funds we need to continue developing lifesaving medical technology.”

To learn more and support the mission of MEDIC, visit medic-nc.org and be sure to follow MEDIC on Facebook and Twitter.

The Medical Innovators Collaborative (MEDIC) is a nonprofit spinout of the UNC & NC State Biomedical Engineering Department supporting the development of new medical technologies in North Carolina. We do this by providing innovation training, industry relevant professional seminars, and student internships focused around creating life-saving devices. We are an open and collaborative space bringing together innovators and entrepreneurs including academics, caregivers, industry professionals, and students. For more information visit medic-nc.org.

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