The Entrepreneur Connect Initiative, a project of Brown Technology Innovations (BTI), pairs seasoned entrepreneurs with faculty inventors to work on specific university intellectual properties with the goal of creating fundable start-ups. The entrepreneurs conduct customer discovery and bring a market perspective to the academic research, and the faculty inventors observe how the entrepreneurs approach their findings.
Once the entrepreneur and inventor have brought a project to maturity, the Entrepreneur Connect Initiative markets the opportunity to interested investors, drawing on angel investors and venture capitalists from both groups’ networks. In cases in which BBII has provided financial and project management support for a research project, the BTI team offers guidance on how to achieve both scientific and business goals.
The start-up XM Therapeutics is a good example of the initiative’s successful matchmaking. Members of the Entrepreneur Connect Initiative introduced entrepreneur Frank Ahmann to Jeffrey Morgan, a professor of pathology and laboratory medicine at Brown who had developed a technology for making extracellular matrix particles for use in treating damaged tissue in various organs. Together they formed the Rhode Island-based XM Therapeutics; Ahmann became president and CEO.
In 2020, the team of Barry Lester, a professor of psychiatry, human behavior, and pediatrics, and Stephen Sheinkopf, executive director of the Thompson Center for Autism and Neurodevelopmental Disorders at the University of Missouri and an adjunct associate professor of psychiatry, human behavior, and pediatrics, received a BBII award to develop diagnostic tools based on acoustic signatures from infants’ cries that are not discernible to the human ear. Recently, a new start-up, PedialyDx, was formed to further develop and commercialize this technology. The first product will be a handheld device that uses a cloud-based algorithm to determine whether the cries of an infant with prenatal opioid exposure meet the criteria for neonatal opioid withdrawal syndrome. The company is also exploring use of the device in autism research.
In most chronic diseases, including heart failure, kidney failure, and pulmonary fibrosis, the extracellular matrix becomes abnormal, leading to inflammation, fibrosis, and hypoxia, or reduced oxygen supply. In 2019, with the support of BBII funds, Jeffrey Morgan, a professor of pathology and laboratory medicine, developed a process for producing uniform injectable particles that potentially could be used to treat damaged tissue in various organs. The company XM Therapeutics was formed to further develop the treatment and bring it to clinical trials. XM Therapeutics is initially focusing on two of the most serious disorders, heart failure and pulmonary fibrosis, for which the clinical need and market size are enormous and continue to grow.