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The Atlanta-based American Cancer Society and Global Center (GCMI)for Medical Innovation partnered to raise $5 million to bring research from the lab to the clinic more quickly. 

GCMI will unite members of the medical device community like universities, research centers, hospitals, clinicians and investors to speed up technologies that result from ACS-funded research.

The goal is to reduce the time and cost of bringing new ideas to market. 

The partners will pick three to five projects to focus on each year. 

“This partnership provides further testimony to the health of the med-tech development ecosystem in Atlanta,” said GCMI CEO Tiffany Wilson in a statement. “Our collective resources should enable us to de-risk innovation bringing new products to market capable of improving cancer treatment. Ultimately this should translate into reduced ‘time-to-cures’ and lower cost of development and care.”

Source: Atlanta Business Chronicle