higher education

UMass awards $200K from technology development fund

COURTESY UNIVERSITY OF MASSACHUSETTS
UNIVERSITY of Massachusetts President Robert L. Caret announced that the school has awarded a total of $200,000 from its Commercial Ventures and Intellectual Property Technology Development Fund to eight projects on four campuses.
Posted 3/25/13

BOSTON – Eight projects from four University of Massachusetts campuses will receive a combined $200,000 from the Commercial Ventures and Intellectual Property Technology Development fund, UMass President Robert L. Caret announced Monday.

“These are the discoveries that help change the world for the better, create new jobs and businesses and make us very proud of the groundbreaking work being done on the campuses of the University of Massachusetts,” Caret said in a statement.

Each project will receive $25,000 from the fund, which is generated from commercial licensing ventures in partnership with a contribution from the UMass president’s office. To-date, the fund has backed 74 projects.

The awards are headed to faculty members from the Amherst, Boston, Lowell and Worcester campuses for projects including: the development of paper test strips that provide a visual readout of water quality within five minutes; developing a nanoparticle technology for use with deep tissue imaging; technology to address the challenge of inadequate bonding of degradable polymers with bone minerals; and investigating a new x-ray detection method that could reduce patient x-ray exposure while increasing image quality.

“CVIP recognizes and rewards cutting edge research projects that not only put our faculty and students at the forefront of their industries, they have the potential to create steady streams of revenue for our campuses,” William S. Rosenberg, CVIP executive director, said in a statement.

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