$400 Million More for Harvard and MIT
Posted on October 2, 2008 Comments (1)
$400 million endowment for the Broad Institute of Harvard and MIT
“Today the Broad Institute is the world’s leading genomics and biomedical institute, and we’re now making a $600 million bet that the Broad will be the place where the greatest scientific discoveries take place,” Eli Broad said at today’s ceremony.
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In its short history, the Broad Institute’s accomplishments include cataloging and identifying genetic risk factors for diseases such as type 2 diabetes and autism; discovering new therapeutic targets for cancer, malaria, and other diseases; and applying genomic tools to better understand and treat human pathogens like tuberculosis.
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The Broads’ gift is the largest to support biomedical research at a university anywhere in the world. The Broads initially invested $100 million in 2003 as a way to test the institute’s new approach to biomedical research. By 2005, the Broad Institute had already made significant accomplishments and progress, and the Broads invested a second $100 million. Their endowment of $400 million today will allow the Broad Institute to transition to a permanent, non-profit 501(c)(3) organization with both Harvard and MIT still at the heart of it, continuing to help govern the institute.
…
In its short history, the Broad Institute’s accomplishments include cataloging and identifying genetic risk factors for diseases such as type 2 diabetes and autism; discovering new therapeutic targets for cancer, malaria, and other diseases; and applying genomic tools to better understand and treat human pathogens like tuberculosis.
…
The Broads’ gift is the largest to support biomedical research at a university anywhere in the world. The Broads initially invested $100 million in 2003 as a way to test the institute’s new approach to biomedical research. By 2005, the Broad Institute had already made significant accomplishments and progress, and the Broads invested a second $100 million. Their endowment of $400 million today will allow the Broad Institute to transition to a permanent, non-profit 501(c)(3) organization with both Harvard and MIT still at the heart of it, continuing to help govern the institute.
Many countries would love to create a world class center of biomedical research. And several are trying. Boston sure seems to be staking a claim that it will be one of those centers of excellence. The economic benefits of that to Boston will be huge.
Related: Harvard Plans Life Sciences Campus – $1 Billion for Life Sciences in Massachusetts – China’s Gene Therapy Investment – $600 Million for Basic Biomedical Research from HHMI – Edinburgh University $115 Million Stem Cell Center
Posted by curiouscat
Categories: Funding, Life Science, Research, Universities
Tags: centers of excellence, economy, Funding, Harvard, Life Science, medical research, MIT, university research
Categories: Funding, Life Science, Research, Universities
Tags: centers of excellence, economy, Funding, Harvard, Life Science, medical research, MIT, university research
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September 8th, 2011 @ 11:10 am
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