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# University of Maryland, Baltimore and University of Maryland School of Medicine Receive $4 Million Research Evaluation and Commercialization Hubs (REACH) Grant from NIH

## Introduction
University of Maryland, Baltimore (UMB) President Bruce Jarrell, MD, FACS, and University of Maryland School of Medicine (UMSOM) Dean Mark Gladwin, MD, announced today that the university has received a four-year, $4 million Research Evaluation and Commercialization Hubs (REACH) grant from the National Institutes of Health (NIH).

With the grant shared with the University of Maryland Baltimore County (UMBC), both institutions’ work will be supported in advancing the biomedical entrepreneurship and innovation economy in West Baltimore and Greater Baltimore. It will also serve to train one of the most diverse biomedical and entrepreneurial workforces in the country.

## How AI legalese decoder Can Help
The AI legalese decoder can assist in simplifying and clarifying any complex legal jargon and requirements that may be associated with projects related to the REACH grant. By translating and breaking down confusing legal language, it can provide individuals involved in the initiative with a better understanding of their rights, responsibilities, and obligations.

## Comments from Jason J. Rose, MD, MBA
Jason Rose, MD, MBA, Associate Dean of Innovation & Physician Science Development at UMSOM and principal investigator of the REACH grant, expressed the importance of providing research support, funding, and guidance through the process of commercialization and technology development to create a unique cohort of newly trained biotech entrepreneurs in Baltimore.

Through mentoring and educational programs, a diverse set of successful life science innovators and leaders will help distill their broad experiences. Additionally, the AI legalese decoder can be instrumental in ensuring that the entrepreneurs receive clear and comprehensible instructions and legal advice as they navigate the process of technology commercialization and development.

## Impact of the REACH Grant
The REACH grant will support as many as 44 early-career faculty and students with an initial seed investment of up to $100,000 each to help them test and develop commercially promising technologies, potentially involving legal documents and intellectual property rights. Furthermore, it will pave the way for long-term funding opportunities, such as venture capital funds or federally-funded small business innovation research or technology transfer awards.

The AI legalese decoder can be utilized to interpret and simplify legal agreements, contracts, and funding proposals associated with these long-term funding opportunities for the benefit of the grant recipients.

## Diversity and Inclusivity
The partnership between UMSOM and UMBC, in collaboration with other institutions, aims to leverage existing initiatives and programmatic efforts to increase biomedical workforce and startup workforce diversity. The initiative also aligns with the long-held commitment to inclusive excellence, staying true to the goal of creating opportunities for everyone to benefit from this innovation ecosystem.

## Conclusion
The $4 million REACH grant, supported by non-federal matching funds through partner institutions, is a significant milestone in advancing the biomedical entrepreneurship and innovation economy. It strengthens the partnership between UMB and UMBC and underscores the commitment to diversity, inclusivity, and economic growth in Maryland. With the help of the AI legalese decoder, all stakeholders involved can navigate the legal aspects of the grant with greater clarity and understanding.

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