The Life Science Incubator (LSI) at the Medical University of Graz provides innovative life science founders with laboratory and office space, infrastructure and know-how.
The Centre for Knowledge and Technology Transfer in Medicine (ZWT) is the first Austrian technology and research centre to achieve full physical and organisational integration into a university campus. Thus, the ZWT offers the perfect venue for cooperation between science and industry. After the successful opening in May 2014, 250 new, highly qualified employees began new jobs at the ZWT, and numerous companies starting working to create medicines of the future. The professional expertise ranges from researchers in the medical fields and laboratory personnel to statisticians and technicians.
(Picture: Paul Ott)
The Life Science Incubator (LSI) was established as part of the ZWT und integrated into this institution. The LSI provides innovative life sciences start-ups with laboratories and office spaces, as well as infrastructure and expertise.
An important goal of the LSI is to provide professional support that allows the development of innovative research findings from the pharmaceutical, biotechnology and medical technology fields into marketable products, as well as support for start-ups during their foundation. By working closely with various partners a conceptual bridge is formed between science and the market.
Supporting innovative start-ups in the field of human technology contributes significantly to the development of this location. Innovation, research and development are promoted by strengthening entrepreneurship and supporting the growth of young enterprises. These tactics encourage the creation of high-quality, new businesses that can offer numerous jobs.
The Incubator increases the application potential of research results by providing a direct interface between academic research and industry.
The development of a high-tech scene at the Medical University of Graz allows the university to optimally position itself as a key bearer of knowledge and retain highly skilled researchers and companies as cooperation partners.
“High potentials” in the life sciences will be promoted through this incubation . It gives young entrepreneurs the opportunity to grow in a favorable business environment with access to the MED campus infrastructure. Naturally, spin-offs from the Med Uni should be offered particular support, but the Incubator is also open to innovations coming from other areas or other universities. It is open to all life science start-ups, also those related to the cooperation initiative “BioTechMed”.
All start-ups established at the Incubator must either be in an early start-up phase, or soon to be founded.
Pictures: Med Uni Graz
Written by: Medical University of Graz, MS