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University of Minnesota and Mayo Clinic Specify Collaboration Plans

NEW YORK, Sept. 12 (GenomeWeb News) - University of Minnesota officials presented their specific plans for a biotechnology and medical genomics partnership with the Mayo Clinic to the University board of regents yesterday, U of M officials said.

 

The partnership, which will become official sometime in the next six months, cranked up in June with $2 million from the state and $1 million from each institution in seed money for joint research projects. The institutions said that in 2005 they plan to request $70 million over five years in state funding. Researchers will also seek National Institutes of Health grants for the initial joint projects that have already begun.

 

Some initial projects will be completed by early or mid-October, according to Frank Cerra, senior vice president for the AcademicHealthCenter at U of M.  University officials eventually hope to license their results and draw enough interest to apply for out-of-state and federal funds, Cerra said.

 

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