February 13, 2019

MTEC

First-of-its-Kind

The Medical Technology Enterprise Consortium (MTEC) uses a first-of-its-kind funding mechanism that enables both the government and private sponsors to support groundbreaking medical research.

The Medical Technology Enterprise Consortium has been able to expand its funding base using a novel funding construct in which private sector and philanthropic funds augment government sponsor contributions. ATI’s team of contracting experts were able to design this first-of-its-kind funding structure based on the US Army Medical Research and Materiel Command’s identified needs and MTEC’s program goals, resulting in a customized solution that minimizes government risk and builds on industry’s R&D investments. Funding provided by private sponsors or investors allows MTEC to facilitate the development and application of new medical technologies that help heal our warfighters and veterans.

To leverage this innovative funding structure, MTEC partnered with The Allergan Foundation, a U.S.-based, private charitable foundation that supports programs working to improve patient diagnosis, treatment, care, and quality of life. Through MTEC, The Allergan Foundation recently awarded funding to Stanford University (PI: Dr. Jeffrey Goldberg) to continue a vision restoration research effort originally funded by the Army via MTEC.

Recent Posts

resource

Consortium Members Receive $230 Million for Prototype Technology for Navy

“UTIC is an important resource for innovative undersea and maritime technology solutions,” said Molly Donohue Magee, UTIC’s executive director. “The Other Transaction Agreement (OTA) allows for streamlined contracting, ensuring the...

resource

ATI Commits to the One Region Ready Pledge

While the information surrounding the COVID-19 pandemic is changing rapidly, our commitment to the health and safety of those around us remains steadfast.  That’s why we’ve taken the One Region...

resource

The Navy has 10 new information warfare projects

The Naval Information Warfare Center Atlantic and Naval Information Warfare Center Pacific will host a virtual industry day in early June to announce 10 new projects through the Information Warfare...