Tag: SAMMI

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
Articles, Featured

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...