Pairing Physicians and Engineers to Improve Health
About the Coulter Program
The University of Missouri Coulter Translational Partnership Program is a five-year/$5 million partnership between the Wallace H. Coulter Foundation and the University of Missouri formed in 2012. The program capitalizes on the best of academia and industry to accelerate the translation of biomedical innovations into products that improve patient care. The MU Coulter Program bridges the gap between academic research and industry by providing funding to engineer-clinician teams. These teams perform experiments to generate data that subsequently attract the professional funding needed to continue commercialization of the technology.
Since its inception in 2012, the MU Coulter Program has awarded more than $3.2 million in bridge grant funding to 24 projects and has awarded more than $300,000 in seed grant funding to 19 projects. A total of 64 technical and clinical investigators have received Coulter funding. These investments have led to $11 million in new government grants and $1.6 million in professional funding (angel investment, venture capital), which is approximately 4 times the amount invested. In addition, the MU Coulter Program Office has provided business advice to another 100 technical and clinical investigators on more than 90 projects. Two start-up companies that have licensed technologies developed with funding from the MU Coulter Program have each raised more than $500,000 of professional funding, meeting the criteria to be called "Coulter Wins."
The MU Coulter program makes a significant and growing impact on the entrepreneurial ecosystem in mid-Missouri.
As there are only 16 universities in the world with Coulter Programs, the MU Coulter Program is an important differentiator for MU.