Duke University has established a new $20 million biomedical endowment to support a program that has had a knack for launching new medical companies, focusing in particular on medical technology.
The new endowment will allow the program to continue at Duke in perpetuity.
Duke was one of nine universities chosen by the Coulter Foundation in 2005 to accelerate technology transfer of university biomedical engineering projects into commercial products and clinical practices. Since then, 19 Duke projects have been funded in areas such as detecting prostate cancer and esophageal pre-cancerous lesions, treating hemophilia and controlling urinary function for paraplegics.
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