GRANTS AND AWARDS
21st Century Research & Technology Fund
- Schwartz Biomedical received a $1.27M grant from the State of Indiana's 21st Century Research & Technology Fund. This grant is a 2 year award to develop the BioPoly™ material for use as a bearing in Total Joint Reconstruction (TJR). The title of this project is “Biologically Enhanced Self-Lubricating Bearing Materials for Total Joint Implants.” Schwartz Biomedical, as the lead organization, has partnered with Colorado State University (Fort Collins, CO), one of the major orthopaedic companies (Warsaw, IN), and the Northeast Indiana Innovation Center (Fort Wayne, IN). As the lead, Schwartz Biomedical is responsible for commercializing of this unique orthopaedic technology.
- Schwartz Biomedical also received a 2nd 21st Century Research & Technology Fund for $2MM. This grant provides support for the commercialization of a partial resurfacing technology called BioPoly RS™ to be used in orthopaedics. This 2 year project is titled “Partial Joint Resurfacing With BioPoly™ RS - A Hydrophilic Polymer.” Schwartz Biomedical is leading this effort and has partnered with Colorado State University (Fort Collins, CO) and the Northeast Indiana Innovation Center (Fort Wayne) on this project.
Purdue Univ. / Lilly FoundationBusiness Plan Competition1st Place
Schwartz Biomedical was awarded first place in a business plan competition for one of its technologies in the avascular meniscal regeneration field. In addition to the prestige that accompanies this award, Schwartz Biomedical received $25,000 to be used for the development of this new technology and business.