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Gifts Strengthen Technology Commercialization Services at BU

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Peoria — Thanks to generous gifts from local entrepreneurs, Bradley University reinforces its focus on the commercialization and innovation of technology. A $ 75,000 gift from Dr. Aaron Rossi, combined with other funding, allows Bradley to hire full-time employees to support technology commercialization services at the Turner Center for Entrepreneurship. To.

“This gift can enhance Bradley’s technology commercialization services,” said Jim Foley, director of the Turner Entrepreneurship Center. “We believe that Central Illinois has important opportunities to focus on healthcare, biomedical technology and life sciences, especially in local hospitals and the University of Illinois School of Medicine in Peoria.” It also manages a Peoria Next Innovation Center. Peoria 801W. Located on Main Street.

Since 2012, Bradley has implemented a powerful technology commercialization and innovation program that provides free services to students, local businesses and individuals. Clients are advised on technology commercialization, IP protection, marketing, licensing, prototyping and venture capital financing. Program success includes:

a.Approximately 500 individuals and businesses supported

b. 4,500 one-on-one advice sessions

c. 200 new jobs

d. Over 100 IP applications

The new employee also positions Bradley to better engage with students trying to develop new ventures, products and services.

“This is a great opportunity to get students involved in the high level of experiential learning that is the basis of Bradley education,” said Stephen Standiffard, President of Bradley. “Supporting this kind of research and innovation will help build our economy and provide support that will allow us to move research from the lab to the market. Like Dr. Rossi, the importance of this. We are very fortunate to have a donor who recognizes and is willing to support our efforts. ”

Dr. Rossi donated an additional $ 25,000 to create a scholarship donated to the Rossi family. This scholarship allows student athletes to receive a $ 1,000 gift each year. “This donation is in line with my entrepreneurial spirit, my passion for innovation, and my goal of supporting student athletes,” he said.

Dr. Aaron Rossi is the CEO of PAL Health Technologies, a Peakin-based orthosis manufacturing lab. Dr. Rossi purchased PAL and reopened in April 2018. This is a full-service lab that manufactures custom orthoses, ankle and foot orthoses, and custom diabetes control orthoses.

In June 2019, he opened Reditus Laboratories, a full-service skin pathology lab with a focus on molecular diagnostics. Reditus has processed over 1.4 million tests in Pekin’s lab since it was approved for processing COVID-19 test samples in April 2020.

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