MUSC Foundation for Research Development

Person in blue scrubs with a stethoscope around their neck holds a smartphone in their hand. Displayed on the phone in white writing is the words "intellectual property" and a shield icon with the copyright symbol in the center.

MUSC Foundation for Research Development is responsible for evaluating all intellectual assets the enterprise owns and generates, cultivating value, and forging industry and other relationships resulting in products and services that provide real-life solutions to the world’s medical needs. Whether our translations involve a technology license, research collaboration, or new startup venture, we serve as a dedicated one-stop shop for advancing innovation at MUSC. Our team is also dedicated to building an ecosystem of innovation whose activities contribute to MUSC’s overall economic impact on our state and country.

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Our Mission

  • Promote the generation, evaluation, management, and assistance in the commercialization of Intellectual Property (IP) to benefit the public through stimulating: private and public sponsored scientific R&D
  • Provide guidance and awareness on all topics related to IP, technology development, entrepreneurship, and technology transfer in the MUSC Enterprise
  • Support and facilitation of entrepreneurial and economic development activities such as research and startup funding, technology development, and product commercialization to impact MUSC’s education, scholarly research, clinical and public health activities; and
  • Promotion, support and aid to other activities and programs within the FRD Mission which will further MUSC’s scholarly research efforts.

Portfolio of Startup Companies

Wooden blocks stacked on a table. Painted on the blocks is an image of a rocket ship blasting off. A hand can be seen stacking the last block on top.MUSC’s portfolio of companies are advancing innovations in research, education, and heath care, including novel therapeutics, devices, diagnostics, biologicals, healthcare IT and services. Combined, MUSC startups have raised over $50 million dollars in financing.

MUSC recognizes that the translation of discoveries has a significant benefit for society and is an important component of our mission as an academic medical center.  Since 2014 over 70 startup companies have spun out of MUSC, and over half remain active today. Startups are an excellent approach to translate innovations into products and services for the public benefit and provide an engine for economic growth in the state. They also offer a means of commercialization that isn't always possible through licensing each technology separately.