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Moving Concepts to Market / KC Business bio corner-March 2012
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Moving Concepts to Market / KC Business bio corner-March 2012

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Moving innovative technologies to the animal health market.

Moving innovative technologies to the animal health market.

Published in: Business
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  • 1. BIO CORNER website Moving Concepts to Market Center for Animal Health Innovation guides new ideas related reading Story by Susan Fotovich McCabe | Photo by Gary Rohman Innovative concepts in animal health are to ‘de-risk’ it as much as possible so that it strengthen the region by finding new productsinching closer to reaching the market, thanks can move forward in development. Being and services for commercialization, whichto support from the Center for Animal Health awarded the Center’s proof-of-funding will further strengthen the research baseInnovation, located inside Kansas State grant is a little like receiving the Good in the Corridor. This fits perfectly with theUniversity’s Olathe satellite campus. The Housekeeping Seal of Approval.” Corridor’s strategic priorities and fills a gapCenter, created by the Kansas Bioscience According to Boily, when the Center in services to academics and entrepreneursAuthority and a key player in the Kansas announced the grant last October, it received in the animal health industry.”City region’s Animal Health Corridor, is 28 applications from across the U.S. and Beyond receiving a share of the grant money,supporting the growth of several projects abroad, 19 of which came from the academic the Center’s proof-of-concept grant recipientsrepresented by its first proof-of-concept grant community and nine from small companies. will be paired with members of its board, whowinners. The grant is designed to assist the Boily says the grant is appealing because it will serve as mentors, provide guidance toacademic community and entrepreneurs in reduces an innovator’s financial risk of accelerate the process of the various projectsmoving breakthrough animal health-related converting an idea from lab to market. Grant and establish key relationships to catalyzeproducts, services and technology toward a submissions were vetted by outside advisers successful commercialization outcomes.bright commercial future. to determine “the scientific robustness of the “The funding and the guidance these Winners will share the $300,000 grant, product and its commercial success down the recipients get from senior R&D and C-levelthough not evenly, says the Center’s CEO, road,” he says. executives from leading animal healthJeff Boily. Funding amounts depend on the The Center’s work further raises awareness companies that make up our board isproject’s stage of development at the time of Kansas City’s role in the animal health invaluable,” Boily says. “Recipients wouldof submission and on what it will take to industry, according to KC Animal Health not be able to go to the bank for an unsecuredgarner attention for additional investment Corridor CEO and Ceva Animal Health CEO/ loan for these projects in their early stagesand commercial promise. North America Zone Director Craig Wallace. of development.” “When we fund a project, it’s still too early “Innovation is critically important to the Boily, who brings 30 years of global lifeto say whether it will go the distance,” Boily animal health industry,” Wallace says. “The sciences experience in clinical researchsays. “Yet, by investing in it, we’re attempting Center for Animal Health Innovation will informatics, pharmaceuticals, biotechnology and drug delivery, says the Center is unique inthat extra spark4 that it pairs financial support with mentoring The word is out among members of the academic, research and entrepreneurial community concerning from some of the industry’s leading companies.the vast resources the Center for Animal Health Innovation has to offer. Its unique ability to fast-track a And he adds that innovation in animal healthconcept to the marketplace gives innovators access to leading animal health CEOs and top-level executives might one day translate to breakthroughfrom companies like Bayer Animal Health, Boehringer Ingelheim Vetmedica Inc., Centaur Inc., CEVA products for human health as well.Biomune Company, Hill’s Pet Nutrition, Merck Animal Health and senior executives of the Kansas “The attention the Center has garnered so farBioscience Authority and the Kansas City Area Life Sciences Institute Inc. is amazing,” says Boily. “In just the short period This collection of business, technical and scientific guidance includes project management assistance of time we’ve been here, I have had significantto deliver successful results and support to connect with investors and businesses that can help innovators inquiries from life science companies that didn’tidentify and secure commercial partners. realize what was going on in Kansas.”52 KC Business | KCBCentral.com

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