Expanding Biomedical Engineering Programs Could Boost State’s Life Sciences Industry
Monday, November 14, 2016
Posted by: Kate Oesterle
As Michigan life sciences companies grow and seek to commercialize their innovations, the firms often face key constraints when it comes to access to capital in the state.
According to industry executives, that funding bottleneck is exacerbated in part by the lack of homegrown executive and scientific talent in communities across Michigan.
Dr. Tim Fischell, CEO and chief medical officer of Ablative Solutions Inc. in Kalamazoo, cites training more biomedical engineers as a significant need for the life sciences industry in West Michigan as it seeks to “build more of a biomedical startup corridor.”
“The bottom line is you’re creating a really substantial, young, bright, talented pool, especially if those young people have connectivity to Michigan and Western Michigan,” said Fischell, who founded Ablative to develop a catheter system to treat severe hypertension by deactivating nerves in renal arteries. “You create a whole seed organization to seed startups, to seed organizations and then to potentially create employment and small business.”
That’s why the move by Western Michigan University and Michigan State University to strengthen their offerings in biomedical engineering comes at an opportune time for the state’s life sciences industry.
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