Battelle, OSU launch NeuroTech Institute
Battelle, one-half of the partnership that manages Oak Ridge National Laboratory, and The Ohio State University have announced the launch of the NeuroTech Institute (NTI).
The independent nonprofit’s mission is to speed up the chronically slow process of turning academic discoveries into therapies and medical devices helping patients. Seeded with more than $28 million already for operations and researchers, NeuroTech’s goal is to raise $120 million in federal grants and philanthropy in the next few years, according to this article (subscription required) in Columbus Inno.
In this news release issued by Battelle, it was noted that data from the United Nations suggest that neurological disorders affect 1-in-6 individuals worldwide. Existing treatments fail to restore health to many, and promising new treatments face a long and complex path to market.
NTI is focused on accelerating the pace of progress. It will house three unique programs focused on disorders of neural communication, the neural genome, and the network of the mind. It is already working on technology advancements to help individuals dealing with paralysis from spinal cord injury.
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