BEACON
CONSTELLATION
The
Biomedical Engineering Alliance and Consortium
BEACON
is an organization whose goal is to facilitate the development and commercialization
of innovations born from the interactions between academia, medicine and
industry. This powerful BEACON network of academic and medical institutions
as well as corporations creates an optimal environment for the incubation
and of new medical technologies. BEACON’s goal is threefold:
(1) stimulation
of collaborative research
(2) encouragement
of industrial partnerships
(3) facilitation
of incubating companies
BEACON’s
regional concentration of activity is the I-91 ‘Knowledge Corridor’
running from North Hampton to New Haven. Its strategic position within
the "new Atlantic triangle", between Boston, Albany and New
York, enables significant technology contributions to the realm of medical
devices and systems.
In achieving
these objectives, BEACON has evolved into 3 distinct entities:
BEACON (The
mother ship) is a 501(c)(6) not-for-profit professional organization that
has established a "preferential access network" consisting of
and for its members. As a result, BEACON provides to any of its members
access to the expertise and facilities within the BEACON network. To facilitate
collaborative efforts and industrial partnering, BEACON holds seminars,
symposia, institutional visits, and presentations by federal and state
agencies as well as its corporate members. For the faculty and medical
staff of its member institutions it also provides initial guidance to
aid in developing business plans and locate financial sources.
BEACON Foundation is a 501(c)(3) non-profit corporation able to receive
major gifts from individuals, organizations, or foundations, with the
express purpose of supporting additional research and development efforts
in the field of bioscience and engineering with a major focus on medical
devices and systems. It is also anticipated that as BTN experiences success,
a portion of its profits would be donated to the BEACON Foundation to
further facilitate the process of BEACON’s continuous innovation’s
cycle within the BEACON community.
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