Science Market Update

New Research Building Receives $50M in Bioscience Funding at USC

Posted by Jennifer Nieuwkerk on Wed, May 14, 2014

The University of Southern California received $50 million in bioscience funding earlier this year from retired orthopedic spinal surgeon, Gary K. Michelson, to fund the USC Michelson Center for Convergent Bioscience. The new research building will be used by USC research lab scientists and engineers to produce groundbreaking research in health and similar sciences. One of the center’s aims is to turn biological sciences “into a quantitative and predictive science” and bring about new therapies and cures for diseases.

“Dr. Michelson’s generous gift is truly visionary, as it will bridge USC’s strengths in a broad range of disciplines, including the sciences, engineering, medicine, mathematics and computer science. The new USC Michelson Center will be a vibrant hub for innovation and will help create a major biomedical research corridor in Southern California,” said USC President C. L. Max Nikias.

The 190,000-square-foot new research building will house state-of-the-art flexible labs as well as other centers for electron microscopy and nanofabrication. The building’s research labs will house distinguished faculty such as Dornsife Dean Steve A. Kay, a scientist who has made key discoveries concerning the genetic basis for circadian rhythms of the body and Scott Fraser, Provost Professor of Biological Sciences and Biomedical Engineering, a researcher whose work includes developing a microscope that captures images of the working heart of an embryonic organism as it grows.

 

New research building at USC

Plans for a new research building at USC

Image courtesy of the University of Southern California

 

“The gift is all about the promise of this convergent scientific method,” Michelson said. “With the University of Southern California as the place to stand and the ‘method’ as the ‘lever long enough,’ I expect that we will indeed move the world.”

Dr. Michelson has organized, led, and funded three foundations worth over $100 million whose bioscience funding has gone towards medical research, education, and animal wellbeing. His most recent $50 million gift has been a major contribution in the University of Southern California’s fundraising effort, the Campaign for the University of Southern California, which seeks to raise $6 billion. Three years after its launch, the Campaign for the University of Southern California has raised $3 billion.

The USC receives a great deal of bioscience funding in addition to Dr. Michelson’s recent gift towards a new research building. In 2013, the National Institutes of Health gave the University of Southern California $184.3 million in science research funding. Some of the top NIH-funded departments at the University of Southern California include the department of internal medicine, which received $34.7 million in 2013, the department of biology, which received $13.4 million in 2013 and the departments of microbiology/immunology/virology, which received $10.5 million in 2013. The University of Southern California also sponsored $535 million in research in FY 2011-2012.

If you are a lab supplier working to increase life science sales leads in California, Biotechnology Calendar, Inc. invites you to network within the well-funded market at the University of Southern California at our next USC life science vendor show. The BioResearch Product Faire™ Event at the University of Southern California, Health Science Campus will take place on October 8th, 2014.

 

Southern California life science vendor shows video

 

Biotechnology Calendar, Inc. is a full-service science research marketing and events-planning company that organizes life science vendor shows at top research universities nationwide. If you are interested in exhibiting at a life science vendor show closer to home, we encourage you to view our 2014 calendar of events. For more bioscience funding statistics on the University of Southern California, or to learn more about our USC vendor show, click on the button below.

 

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Tags: 2014, CA, University of Southern California, new research building, new research funding, California, USC, Los Angeles, BioResearch Product Faire Event

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