Boulder, Colorado — CaliberMRI is honored to announce it has been awarded an Early-Stage  Capital and Retention grant through the Colorado Office of Economic Development and International Trade (OEDIT) Advanced Industries Accelerator program. This funding will help further quantitative Magnetic Resonance Imaging (qMRI) through the development of biomimetic phantoms for use in breast cancer treatment and therapy monitoring.

“Breast MRI is a valuable tool in breast cancer screening, diagnosis, and treatment monitoring, and CaliberMRI’s work to develop biomimetic qMRI phantoms will improve scanner performance and standardization, resulting in more reliable results for improved patient outcomes,” said William Hollander, CEO of CaliberMRI.

The Early-Stage Capital and Retention grant supports businesses commercializing innovative and disruptive technologies in the advanced industries that will be created or manufactured in Colorado. These grants help promote the growth and sustainability of advanced industries across the state by driving innovation and commercialization that move this vital part of the Colorado economy forward.

Through the OEDIT grant, CaliberMRI has been awarded $250,000.  MRI is the primary imaging modality used to monitor the effect of neoadjuvant breast cancer treatment. However, the absence of breast MRI standardization and traceable quantitative biomarkers can result in ineffective treatment and unnecessary biopsies. CaliberMRI’s OEDIT grant will further CaliberMRI’s existing development of biomimetic breast tissue phantoms with biomarkers that accurately mimic a healthy or diseased breast tissue type for qMRI scans.  Used in conjunction with CaliberMRI’s qCal-MR® analysis software, the platform will improve scanner validation and provide patient derived biomarkers for use in cancer treatment.

“Across the state, companies are rethinking existing technologies and inventing new ones within the advanced industries sector. Their success will create good-paying jobs in Colorado and has the potential to change lives across the state and beyond. We are thrilled to be able to support their development and look forward to celebrating future accomplishments,” said Rama Haris, Advanced Industries Senior Manager at OEDIT.

To learn more about CaliberMRI and our work, please visit us at www.qmri.com or email us at info@qmri.com.

About CaliberMRI

CaliberMRI is on a mission to standardize magnetic resonance imaging (MRI) to advance quantitative MR imaging (qMRI). We offer a fully-integrated MRI standardization platform including brain, breast, prostate, and custom phantoms, and companion automated quality control (QC) software, qCal-MR®. Our platform has been developed in collaboration with professional organizations such as NIST, ISMRM, and RSNA/QIBA.  Our work with researchers, clinical trialists, clinicians, and hospitals/imaging centers focuses on improving QC to advance health insights. In 2020, CMRI was spun off from High Precision Devices (DBA QalibreMD).

About the Advanced Industries Accelerator Program

The Advanced Industries Accelerator Program was created in 2013 to promote growth and sustainability in Colorado’s advanced industries by driving innovation, accelerating commercialization, encouraging public-private partnerships, increasing access to early stage capital and creating a strong infrastructure that increases the state’s capacity to be globally competitive. AIA encompasses five distinct grant programs: Proof of Concept, Early-Stage Capital and Retention, Collaborative Infrastructure, Export Accelerator, and Global Consultant Network.

About Colorado Office of Economic Development and International Trade

The Colorado Office of Economic Development and International Trade (OEDIT) works with partners to create a positive business climate that encourages dynamic economic development and sustainable job growth. Under the leadership of Governor Jared Polis, we strive to advance the State’s economy through financial and technical assistance that fosters local and regional economic development activities throughout Colorado. OEDIT offers a host of programs and services tailored to support business development at every level including business retention services, business relocation services, and business funding and incentives. Our office includes the Global Business Development division; Colorado Tourism Office; Colorado Outdoor Recreation Industry Office; Colorado Creative Industries; Business Financing & Incentives division; the Colorado Small Business Development Network; Colorado Office of Film, TV & Media; the Minority Business Office; Employee Ownership Office; and Rural Opportunity Office. Learn more at oedit.colorado.gov.

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