Louisiana city awarded $1.2M for healthcare innovation projects

Health-Tech Catalyst will comprise three parts: a development incubator for brand-new innovations, a program in which medical facilities collaborate to increase medical trial access or establish speculative treatments, and an investment capital arm for healthcare startups.

Baton Rouge, La., secured a collective $1.2 million in federal and private-sector funding to introduce Health-Tech Catalyst, a three-year health care development initiative, according to The Advocate.

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The effort seeks to facilitate innovation and partnership amongst healthcare entrepreneurs, researchers and experts to improve client care and outcomes.

The U.S. Economic Development Administration donated $600,000 to the initiative, which was matched by the fundraising efforts of Pennington Biomedical Research Center, Baton Rouge Area Chamber and Baton Rouge Health District.

” This is an avenue to advance terrific concepts such as reducing duplication of care or making it easier for clients to reach centers,” Steven Ceulemans, Baton Rouge Health Districts executive director, informed The Advocate. If youre a busy medical professional in Baton Rouge but have an ingenious concept, youre going to be a driving force but you cant do everything yourself.”.

” This is an avenue to advance great ideas such as reducing duplication of care or making it easier for clients to reach centers,” Steven Ceulemans, Baton Rouge Health Districts executive director, informed The Advocate. “It would not matter which health center you remain in. If youre a busy physician in Baton Rouge but have an innovative concept, youre going to be a driving force but you cant do whatever yourself.”.

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Katie Adams –
Thursday, September 17th, 2020
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