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Max Planck Society, Chinese Academy Pool $10M to Found Computational Biology Institute in Shanghai

NEW YORK, Nov. 10 (GenomeWeb News) - Germany's Max Planck Society and the ChineseAcademyof Sciences signed an agreement on Monday to build a joint research institute for computational biology.

 

The MPG/CAS Partner Institute for Computational Biology will be housed on the campus of the Shanghai Institutes of Biological Sciences of the ChineseAcademyof Sciences. Over a 5-year start-up period, CAS will provide €5 million ($6.5 million) in funding, and Max Planck €2.5 million ($3.2 million).

 

The institute will complement research activities at both CAS and Max Planck Institutes. It will most likely consist of three departments and several junior research groups and will be using administrative resources of the Shanghai Institutes. This is the first time either organization has founded a joint research institute.

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