ALBANY — A regional economic initiative to bring biomedical innovations to market was awarded a $250,000 economic development grant Wednesday by National Grid.
The Biomedical Acceleration and Commercialization Center at Albany Medical College received a grant from National Grid to provide direct financial assistance to BACC biomedical startup companies for commercialization needs and access to experts.
It will also help support the BACC’s entrepreneurs with clinical trials, prototype development, marketing and hiring consultants for regulatory needs.
Finally, funding will assist in expanding the scope of the responsibilities and impact of the entrepreneur-in-residence, who serves as a mentor and advisor for BACC companies.
The BACC was launched on the Albany Med campus in 2015 and houses medical device and software start-up companies.