Indiana researchers receive $10 million to advance medical developments
June 28, 2013
Everyday, scientists are focused on finding the next new development in medicine in order to cure more diseases, keep people healthy and advance the industry to benefit everyone. They often need some monetary help in order to fund projects, however.
With this in mind, Lilly Endowment Inc. recently gave a $10 million grant to BioCrossroads and the Indiana Biosciences Research Institute to help them fund new initiatives. The overall aim is to enable new educational and scientific advancements in the institute, particularly through hiring new researchers that will collaborate with others in the industry.
"The Institute will foster deep and strategic collaborations among Indiana's life science companies and research institutions that should increase and enhance the state's intellectual capital and strengthen its economy," explained Lilly Endowment's President and CEO N. Clay Robbins.
As of 2012, the Endowment is in its 75th year of operation, and it has given approximately $7.9 billion in grants to almost 9,000 charities. It's biggest focus area has been education, followed by community developments and religious activities.
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