Universities gear up to harness amplified tech-transfer

The Philadelphia Business Journal

Carl June, MD, Director of Translational Medicine, Abramson Family Cancer Research Institute, comments in a Philadelphia Business Journal article about how the American Recovery and Reinvestment Act will boost the technology transfer efforts of area research universities. The NIH has directed $1 billion to its National Center for Research Resources for construction, repairs and alterations that support NIH-funded research institutions and $300 million for shared instrumentation and other capital equipment to support all NIH activities, among other ARRA funding programs. Last month June and colleagues applied for a grant to replace a $500,000 cell sorter that Penn bought in 2001 with a grant from the Bill & Melinda Gates Foundation. "It has a life span of about 10 years at best, costs $50,000 per year to maintain and now there's new technology out that's just cheaper and better," June said... Read More