Paratus Diagnostics wins international AURP award for innovation
Posted by Jayme Blaschke
Office of Media Relations
October 12, 2017
Paratus Diagnostics, LLC, a client of Texas State University's Science, Technology and Advanced Research (STAR) Park, has received the Innovation Award from the Association of University Research Parks (AURP) for developing a novel point-of-care diagnostic platform to detect infectious disease pathogens.
The award is given annually to a company located in a science or research park that is commercializing a technology with the potential to significantly impact its industry and which may provide meaningful benefits for society.
Paratus Diagnostics moved into STAR Park in 2015, and has conducted innovative research in the STAR One technology incubator since then. The company has received funding support from the Bill and Melinda Gates Foundation, National Institutes of Health and the Department of Defense. In 2016, it successfully closed its Series A equity funding round.
“Paratus Diagnostics exemplifies what is possible through close collaboration between the private sector and universities," said Stephen Frayser, executive director of STAR Park. "The firm has worked closely with faculty in the biology department and the Materials Science, Engineering and Commercialization Program at Texas State, funding research supporting product development, hired Texas State graduates and provided internships for university students.”
“At Paratus, our philosophy is to ‘think, innovate, invent’ and we have used this strategy to transform the way diagnostics tests can be performed at the point of care in doctor’s offices, small clinics, urgent care settings, or developing countries,” said Shannon Weigum, VP of biological sciences at Paratus.
For more information about Paratus Diagnostics, visit www.paratusdiagnostics.com.
About STAR Park
The Science, Technology and Advanced Research (STAR) Park is Texas State University’s 58-acre research park dedicated to collaborating with industry, governmental labs and nonprofit research institutions to increase innovation, commercialization and entrepreneurship. For more information, visit the STAR Park website at www.txstate.edu/starpark.
About Texas State University
Founded in 1899, Texas State University is among the largest universities in Texas with an enrollment of 38,694 students on campuses in San Marcos and Round Rock. Texas State’s 181,000-plus alumni are a powerful force in serving the economic workforce needs of Texas and throughout the world. Designated an Emerging Research University by the State of Texas, Texas State is classified under “Doctoral Universities: Higher Research Activity,” the second-highest designation for research institutions under the Carnegie classification system.