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Dr. Kathy Nugent

The Bill K. Harbert Institute for Innovation and Entrepreneurship at the University of Alabama at Birmingham (UAB) has created a $500,000 Innovation Fund for the development of new university businesses and early-stage findings.

The Innovation Fund, which will begin January 1, will support two phases of commercialization: the bridge funding phase of applications development inside the research institution and the seed stage phase of company establishment, according to a UAB press release.

Image: Dr. Kathy Nugent