The Regents of the University of California, Los Angeles
The University of California Los Angeles (UCLA) is leading the UCLA Biodesign Hub for Medical Technology (MedTech) and Digital Health Innovation through the establishment of a robust regional network, advancement of early stage technology with commercialization potential, and domain-specific training for aspiring clinical and technical entrepreneurs. The Hub will directly catalyze the development of nascent technology from the robust medical research assets within the Los Angeles (LA) County ecosystem in partnership with a diverse set of regional entrepreneurs, accelerators and incubators and investors, as well as industry mentors through a longitudinal milestone-based plan for proof-of-concept projects.
In the context of a rapidly evolving healthcare landscape, bridging the gap between medicine and technology is central to the advancement of patient care, and this project will advance UCLA as a center for innovation and med-tech company creation in Southern California. The entrepreneurial training program proposed will reach over 3,200 clinical faculty and 2,300 residents and fellows across LA County. Over the next five years, the anticipated impact of this initiative will be the formation of a robust regional node for med-tech and digital innovation in Southern California, the advancement of early-stage technologies beyond the bench, and creation of new ventures and jobs. Specifically, five years after the end of the grant, the Biodesign Hub expects to file 100 patents, launch 30 new medical technology companies, and create at least 3,000 high-quality jobs in the life science sector in LA County.