NEW YORK, June 21 (GenomeWeb News) - Texas A&M University began construction for the Texas Institute of Genomic Medicine yesterday, the university said.
The institute will house what will be the largest collection of mouse embryonic stem cells in the world. The institute's libraries and resources will be available to academic researchers in Texas as well as to the private sector.
TIGM is a non-profit organization founded by Texas A&M University and the Texas A&M Health Science Center in collaboration with Lexicon Genetics. The institute is funded by a $50 million Texas Enterprise Fund, approved in July 2005.
TIGM intends to accelerate the pace of medical discoveries and foster development of the biotechnology industry in Texas, the university said in a statement.
The institute is expected to bring 5,000 new jobs to the state. The 43,000-square-foot building is scheduled to be completed in May 2007.