Medical College of Georgia gains biomedical business incubator grant

AUGUSTA - A $500,000 grant to the Georgia Medical Center Authority will be used to equip the Medical College of Georgia&#39;s biomedical business incubator. <br> <br> OneGeorgia -- a state initiative that uses a portion of tobacco settlement money to create infrastructure in non-metropolitan Georgia -- provided the grant. <br> <br> The medical center authority -- a state agency with the primary mission of enhancing Augusta&#39;s role as a medical city -- decided to use the grant on January eighth for the incubator&#39;s scientific and business equipment. <br> <br> The incubator is scheduled to open in spring 2004. It&#39;s designed to convert biomedical research into marketable business ventures. Officials say the goal is to match entrepreneurs with scientists in order to energize scientific and economic development.