UTEP and TTUHSC El Paso Launch Innovation and Commercialization Fund
June 15, 2015 | UNIVERSITY COMMUNICATIONS
What: UTEP and TTUHSC El Paso Announce Innovation and Commercialization Fund
Where: The Hub of Human Innovation, 500 W. Overland, Suite 230, El Paso
When: 4:30 p.m. Wednesday, June 17
EPIC, the first shared commercialization fund between The University of Texas at El Paso (UTEP) and Texas Tech University Health Sciences Center El Paso (TTUHSC El Paso), has been launched through a state grant from the Texas Emerging Technology Fund (ETF). Both universities also provided matching dollars to create a $500,000 fund for faculty to move technologies to market.
The EPIC Fund awarded eight grants of up to $50,000 to faculty from both universities whose work has demonstrated strong commercial potential. University representatives will introduce these faculty awardees at 4:30 p.m. June 17 at The Hub of Human Innovation.
"The mission of this new venture, the El Paso Innovation and Commercialization (EPIC) Fund is to help our faculty innovators and entrepreneurs develop their intellectual property," said Peter Rotwein, M.D., assistant vice president of research at TTUHSC El Paso. "EPIC will allow our faculty inventors to bring their ideas and novel products to market more quickly, allowing the public to eventually benefit from their innovations."
"This is an exemplary collaboration partnership between UTEP and Texas Tech El Paso," said UTEP Vice President for Research Roberto Osegueda, Ph.D. "I look forward to the commercialization success of these initiatives."
Grant awardees from UTEP are Associate Professor of Biological Sciences Marc Cox, Ph.D., for his work with pharmaceuticals treating prostate cancer; UTEP doctoral candidate Eva Deemer and Professor of Chemistry Russell Chianelli, Ph.D., for work utilizing the carbon material graphene; Assistant Professor of Metallurgical and Materials Engineering David Roberson, Ph.D., for his work with 3-D printing; Department Chair for Engineering Education and Leadership Roger Gonzalez, Ph.D., for development of a low-cost energy storage and return prosthetic foot; and Associate Professor of Electrical and Computer Engineering Raymond Rumpf, Ph.D., for improving electromagnetic compatibility.
TTUHSC El Paso faculty receiving grants are Bradley P. Fuhrman, M.D., Chair of the Department of Pediatrics, for his work on expiratory positive airway pressure (EPAP); Brad A. Bryan, Ph.D., in the Center of Emphasis in Cancer, for commercialization of a biomarker to detect certain tumors; and Amr Abdelgawad, M.D., a pediatric orthopedic surgeon at TTUHSC El Paso, for commercialization of an internal bone lengthener device for children. Abdelgawad's project is in collaboration with Noe Vargas Hernandez, Ph.D., former assistant professor of mechanical engineering at UTEP.
The EPIC Fund grant program is designed to support a culture that promotes innovation, translation and commercialization of new ideas and technologies within the El Paso region. It does this through grants for the maturation and acceleration of early stage technologies or spin-out start-up companies based on university intellectual property across any sector.
Currently, the ETF contracts the Texas Tech University System to operate the Trans-Pecos/El Paso Regional Center for Innovation and Commercialization within its Office of Research Commercialization (ORC). The ORC led the effort to create this commercialization fund.
For more information about the EPIC Fund, please contact email@example.com.
About Texas Tech University Health Sciences Center at El Paso
Texas Tech University Health Sciences Center at El Paso, the Texas Tech University System's fourth university, has a mission to provide education, research, and patient care to West Texas. It is comprised of the Paul L. Foster School of Medicine, the Gayle Greve Hunt School of Nursing and is a regional campus for a Graduate School of Biomedical Sciences. The university has a clinical practice called Texas Tech Physicians, which is part of the largest network of healthcare physicians in West Texas. Research focuses on cancer, diabetes and metabolism, infectious diseases, and neurosciences.
About The University of Texas at El Paso
Located in one of the largest binational communities in the world, The University of Texas at El Paso is unique among research institutions. UTEP enrolls more than 23,000 students, a majority of whom are Hispanic and many who are the first in their families to attend college. The University invests more than $80 million in research annually and still maintains the lowest net cost of any research university in the country. Ranked among the top 10 universities in the nation by Washington Monthly magazine and #1 for improving the social mobility of its students, UTEP is dedicated to becoming the first national research university serving a 21st century student demographic. Learn more at utep.edu.