NEW YORK (GenomeWeb News) – The University of Iowa will use $3.7 million in recently approved funding to build or prepare space for new companies or for further research in the areas of bioscience and information technology, among other disciplines.
The funding came from $8.2 million that the Iowa legislature had approved for the 2006 Battelle platform projects. The Battelle platform promotes seven areas of research, including integrated genomic medicine and biomedical imaging.
Nine projects will be funded, including $400,000 for space to design transgenic cells for biomedical applications and $400,000 for production costs in clinical trials of a new prostate cancer drug.
UI is also planning to build a $1 million facility in Oakdale Research Park, according to the Iowa Press Citizen's Web site.
According to the Press Citizen, in addition to the $3.7 million for the Battelle platform, UI also received $2 million for entrepreneurial endowments and $2.7 million to develop incubation space on the Oakdale campus.