MedMates, New England Medical Innovation Center win $150K to foster biotech ventures

PROVIDENCE — The R.I. Commerce Corp. has awarded a $150,000 Network Matching Grant to The New England Medical Innovation Center  and local life sciences industry network group MedMates, which will foster partnerships and connections between biotech/biomed ventures.

“The support from this grant allows us to form long-lasting partnerships and to connect biotech/biomed commercial ventures to expertise and opportunities in Rhode Island, and we appreciate CommerceRI recognizing and funding this opportunity,” commented Aidan Petrie, MedMates board member and co-founder and managing partner of the NEMIC.

The grant will be used to:

  • Develop, expand, and publicize resources to Rhode Island’s Life Sciences community
  • Promote Rhode Island’s Life Sciences and health care companies and their innovative advancements
  • Oversee partnership programs, including the innovative Korean Institute of Startup and Entrepreneurship Development program, which helps support entrepreneurs with customized startup training programs in research and technology.

“At MedMates, our goal is to educate the community about the economic impact of Life Sciences, cultivate entrepreneurship and showcase innovative programs, and this grant will significantly impact our ability to do that,” said Carol Malysz, executive director, MedMates in a statement.  “We have collaborated closely with NEMIC over the past year, and this grant will help us expand that collaboration by supporting shared resources.”

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“We launched NEMIC earlier this year with the mission to train the next generation of medical designers and inventors who will choose Rhode Island as the best location in the Northeast corridor to grow new biomedical sector companies,” said Peter Snyder, co-founder and managing partner, NEMIC.  “With the help of this grant, it’s exciting to see our mission come to life.”

Rob Borkowski is a PBN staff writer. Email him at