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U of Minnesota Funds Bioinformatics Center with $5M from Microsoft Antitrust Settlement

NEW YORK, March 14 (GenomeWeb News) - The University of Minnesota will fund a Consortium for Bioinformatics and Computational Biology by using $5 million in cash and products from Microsoft resulting from an April 2004 antitrust class action lawsuit settlement, the university said on Friday.

 

The university, which was not a plaintiff in the case, has received $2.5 million in cash and $2.5 million in product vouchers from the company.

 

The bioinformatics consortium, comprising nine colleges on the Twin Cities campus as well as the Universityof Minnesota, Duluth, will be based in the university's DigitalTechnologyCenter. With five new faculty as well as four other staff members to be hired, it will coordinate existing activities in bioinformatics and computational biology at the university.

 

The new initiative will be funded with the settlement money and $5 million in matching funds from the university.

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