Tag: bioscience

Applications Open for SAMMI, a San Antonio Biomedical Seed Fund for Military Medical Collaboration
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Applications Open for SAMMI, a San Antonio Biomedical Seed Fund for Military Medical Collaboration

San Antonio is investing in innovators who are commercializing discoveries in medical devices, new drugs, and biotechnology and biomedical software that can meet military medical mission needs. The San Antonio Military Medical Innovation (SAMMI) Fund has opened applications for its bioscience startup seed fund. If chosen, each company will receive up to a $50,000 award in the form of a convertible promissory note with a three-to-five-year term, depending on the loan amount and current stage of the company, said Corey Levenson, the city's military medical innovation director. Levenson helps coordinate and align economic development strategies with San Antonio's unique military medical assets. The financial terms will be determined on a case-by-case basis, depending on the maturity of ...
New San Antonio Biomedical Seed Fund Invests $150,000 in Local Innovators for Military Medical Collaboration
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New San Antonio Biomedical Seed Fund Invests $150,000 in Local Innovators for Military Medical Collaboration

A fund created to help support San Antonio biomedical companies announced its first recipients Friday. The San Antonio Economic Development Corporation (SAEDC) has chosen EmergenceMed, GaitIQ, and Renovo Concepts as the first recipients of financial support from the San Antonio Military Medical Innovation (SAMMI) Fund. The City of San Antonio established the fund in December 2019 to support local companies commercializing discoveries in medical devices, new drugs, and biotechnology and biomedical software that can meet military medical mission needs. The SAEDC board approved Tuesday $50,000 awards for each of the three biomedical innovators looking to collaborate with the military medical community, said Corey Levenson, the city's military medical innovation director. SAEDC creat...
How BioMed SA President Ann Stevens Helped Bring FIRST Robotics to San Antonio
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How BioMed SA President Ann Stevens Helped Bring FIRST Robotics to San Antonio

Attendees at the annual BioMed SA breakfast Wednesday heard a career retrospective that honored outgoing president, Ann Stevens, who announced her decision to retire November 20. Launched in 2005, BioMed SA is a nonprofit advocacy organization former Mayor Henry Cisneros helped create to highlight San Antonio's strengths in the biomedical and healthcare sectors. Stevens, an experienced leader in the biopharmaceutical industry, worked to promote San Antonio’s industry assets across the U.S. and globally. She also sought to create connections and relationships among research organizations and educational institutions throughout the city, Walt Downing, executive vice president and chief operating officer at Southwest Research Institute told the audience.  During the last decade, the...
Enventure San Antonio To Connect Bioscience Students to Entrepreneurial Opportunities
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Enventure San Antonio To Connect Bioscience Students to Entrepreneurial Opportunities

Bioscience graduate students face daunting odds at landing a tenure-track faculty position in academia.  In popular fields like biomedicine, fewer than one in six has a chance at a faculty job researching at a university. What options does an early-career bioscience professional have? A new nonprofit organization, launched by biomedical students facing these challenges themselves, want to help enterprising scientists find career options so they can pursue medical innovation in San Antonio’s private sector. Enventure San Antonio (Enventure SA) is a biomedical entrepreneurial community designed to help students and young professionals become leaders in the biomedical and health technology space. Students and young professionals often lack the education and experience to commercia...
UT Health San Antonio TechNovum Accelerator for Researchers Graduates 8 New Companies
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UT Health San Antonio TechNovum Accelerator for Researchers Graduates 8 New Companies

A new accelerator program designed for aspiring life science entrepreneurs has helped in the formation of eight new biomedical startups. Earlier this year, UT Health San Antonio launched TechNovum, a new technology commercialization accelerator for faculty researchers interested in developing their inventions for the market. John Fritz and Sean Thompson of the Office of Technology Commercialization at UT Health are co-directors and mentors for the new program. The first cohort graduated two therapeutics companies, spurred the development of four new medical devices, and included two digital health startups. The companies are: Atomic Therapeutics, developing novel anticancer therapeutics for leukemia Protectum Oncology, introducing low-dose arsenic for reducing cancer therapy ...
What Does San Antonio’s Startup Ecosystem Need?
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What Does San Antonio’s Startup Ecosystem Need?

Many people are betting on San Antonio’s future as a city known for its innovation. Momentum is building across the Alamo City’s major technology, cybersecurity, and bioscience sectors as more entrepreneurially minded inventors and scientists launch new companies. Venture capitalists (VCs) are also looking in San Antonio for promising startups. Investors often diversify their portfolios as a cushion against market volatility. That makes San Antonio a good place to invest—we stand out as a city with unique, diverse capabilities. A big part of a VC’s due diligence is asking founders hard questions. Is an early-stage company working on a significant problem with a sizable market that can be scaled into a solid solution? Getting to the point where a founder can satisfactorily answe...
UT Health San Antonio Launches New Accelerator for Researchers
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UT Health San Antonio Launches New Accelerator for Researchers

A new accelerator program designed for aspiring life science entrepreneurs has joined San Antonio's entrepreneurial ecosystem. Biomedical research institution UT Health San Antonio is launching TechNovum, a new technology commercialization accelerator for faculty researchers interested in developing their inventions for the market. John Fritz and Sean Thompson of the Office of Technology Commercialization at UT Health are co-directors and mentors for the new program and will lead the educational coaching sessions. Each cohort will run annually from June through October. Plans for the first cohort are to invite five to eight teams of founder-inventors to join the program to develop medical devices for the market. The teams will meet weekly, typically in the evening, for two- to three-ho...
BioAffinity Lung Cancer Diagnostic Test Gets Closer to Market with Canadian Patent
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BioAffinity Lung Cancer Diagnostic Test Gets Closer to Market with Canadian Patent

The San Antonio-based privately held biotech company bioAffinity Technologies announced Monday the Canadian Intellectual Property Office had awarded a patent for its proprietary CyPath© technology used in the early detection of cancer. The patent, titled “System and Method for Analyzing Samples Labeled with 5, 10, 15, 20 Tetrakis (4-Carboxyphenyl) Porphine (TCPP),” is bioAffinity’s third Canadian patent. bioAffinity’s intellectual property (IP) portfolio now consists of 51 awarded patents in 21 countries, with three additional patent applications filed in the U.S. The test is bioAffinity’s solution for the unusually high rate of false positives from computed tomography or CT scans used in early testing of suspected lung cancer. CyPath® Lung’s test uses flow cytometry and proprietary ...
BioMed SA Unveils Strategic Plan for Bioscience and Healthcare Sectors
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BioMed SA Unveils Strategic Plan for Bioscience and Healthcare Sectors

BioMed SA unveiled its detailed action plan to identify, develop and recommend specific opportunities for growing San Antonio’s biomedical sector. Highlights from the industry action plan were presented to healthcare and bioscience local stakeholders at the organization’s annual membership meeting Tuesday morning. BioMed SA is a nonprofit organization established in 2005 to raise the visibility of San Antonio's biomedical and healthcare sectors.  During the last decade, the organization's mission has evolved to include economic development, BioMed SA president Ann Stevens said. The industry action plan is part of the City of San Antonio’s overall strategic plan for economic development called Forefront SA. Working in concert with consulting firm Frost & Sullivan, BioMed SA’s ...
San Antonio’s Healthcare and Bioscience Industry Tops $40 Billion in Economic Impact for 2017
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San Antonio’s Healthcare and Bioscience Industry Tops $40 Billion in Economic Impact for 2017

The San Antonio Chamber of Commerce 2018 Healthcare and Bioscience Economic Impact Study is based on 2017 data, according to the study authors economist Richard Butler, Ph.D., and health care administration professor Mary E. Stefl, Ph.D., both from Trinity University. The study completed in 2018 stated its conservative estimate of over $30 billion in impact on San Antonio's economy in 2017. The authors included a more comprehensive analysis of economic impact with data from UT Health San Antonio, Baylor College of Medicine at the Children's Hospital of San Antonio, and some military medical presence in San Antonio. The overall impact rises to more than $40 billion when the comprehensive data is taken into account. This sector employs over 18 percent of San Antonio's population, with...