Weill Cornell Medicine has received a four-year, $1.5 million grant from New York’s Empire State Development to increase resources available through BioVenture eLab, the institution’s hub for biomedical entrepreneurship. The grant is among the first the state has awarded through its New York Global Entrepreneurs Program, which was established last year to attract innovative life sciences entrepreneurs to launch or expand their businesses in New York.
BioVenture eLab aims to generate entrepreneurship and commercialization opportunities from within the academic medical institution’s community with the state funding. It will also enable BioVenture eLab to recruit international founders in-house to help kindle enterprise expertise among Weill Cornell Medicine faculty and trainees.
“The grant allows us to combine resources from New York state as well as resources from Weill Cornell and the greater Cornell ecosystems to bring inventions that can impact patients to market,” said BioVenture eLab Director Loren Busby.