San Antonio is home to a unique concentration of innovative military medical research and comprehensive healthcare capability. The San Antonio Military Medical Innovation (SAMMI) Fund was created in 2019 to accelerate the commercialization of products and services of interest to the military medical community.
The SAMMI Fund makes investments in local early-stage companies to stimulate research and development activities directly aimed at commercializing valuable tools needed by those responsible for providing medical care to our military service members.
The investments, up to fifty thousand dollars each, are made on a competitive basis twice a year via a Convertible Promissory Note or other debt or equity investment vehicle as appropriate. Previous recipients of SAMMI finding include GaitIQ, Inc., Renovo Concepts, Inc., EmergenceMed LLC and Allosense, Inc.
Applications are now being accepted through the end of April 2021. Companies interested in applying can find more information about the Fund and the application process on the San Antonio Military Medical Innovation (SAMMI) Fund webpage: https://www.sanantonio.gov/EDD/SAMMIFund.
Potential applicants should contact SAMMI Director, Dr. Corey Levenson (corey@saedc.org), who can provide suggested guidelines regarding preparation of Statements of Interest. There will also be two on-line info/Q&A sessions to be presented on 6 April 2021 from 2-3 pm and 15 April 2021 from 10-11 am. Please contact Corey if you are interested in receiving an evite to either of these sessions.
