A recent three-year, $3 million grant from the National Institutes of Health has helped to solidify plans for the new Long Island Bioscience Hub (LIBH).
According to a university press release, the hub will represent collaboration between Stony Brook University, The Center for Biotechnology, Cold Spring Harbor Laboratory and Brookhaven National Laboratory to turn biomedical discoveries into commercial products that can improve patient care.
In compliance with NIH funding guidelines, the hub will also “provide appropriate funding, resources and expertise required for early-stage technology, as well as skills development, hands-on experience, educational and networking activities. It is also assumed that once an institution becomes granted an award, it will become self-sustaining.” (stonybrook.edu)
The new LIBH will be “designed to identify promising basic science and invest in the development of that idea towards [sic] applied goals to demonstrate feasibility of ideas to improve health and society,” said Stony Brook University’s Clinton Rubin, Ph.D., the principal investigator for this project and director of the Center for Biotechnology.
Specifically, the LIBH will be tasked with developing medical technologies including therapeutics, preventatives, diagnostics, devices and research tools that will tackle a variety of diseases under the NIH’s purview.
According to the LIBH website, The Hub will focus its resources on four specific areas:
1. Expanding existing infrastructure to foster, prioritize, and commercialize innovations across partner institutions
2. Implementing translational research initiatives that will accelerate development and create a pipeline of “commercial ready” innovations
3. Recruiting a regional talent pool of experienced Bio-Entrepreneurs in Residence (BEIRs) to facilitate early-stage company formation
4. Educating faculty, post-docs, and graduate students about entrepreneurship and commercialization in the life sciences, and establishing a formal mentor network.
The creation of the LIBH is supported by the National Institutes of Health REACH initiative (Research Evaluation and Commercialization Hub), which aims to “provide qualified institutions with the initial investment and resources to nurture innovators to develop high priority early-stage technologies,” according to the NIH.
Of over 100 universities that applied nationwide, only this project and three others were awarded grants. Other institutions that received funding as part of the REACH initiative included the University of Louisville and the University of Minnesota
“The review panel must have recognized the great potential of commercializing biomedical technologies from Stony Brook University, Cold Spring Harbor Laboratory and Brookhaven National Laboratory,” Rubin said.
“The Long Island Bioscience Hub will build upon Stony Brook’s existing strengths in translational research and commercialization to develop an infrastructure across partner institutions, which will accelerate the yield of new healthcare innovations,” said Samuel Stanley Jr., MD, President of Stony Brook University. “This partnership will advance New York State’s ever-expanding bio-based entrepreneurial ecosystem with new discoveries that fuel new company formation and jobs in biotechnology.” (image credit: Center for Biotechnology)
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In addition to being a leader in bioscience and biotechnology, Stony Brook University is highly funded for a variety of medical and life science disciplines.
- Stony Brook University received $49.5 million in NIH funding in FY 2014
- Stony Brook University received a $150 million gift from from the Simons Foundation.
- Stony Brook University recently received $60 million in new funding to build a state-of-the-art Innovation and Discovery Center on its Research and Development Park campus.
- Stony Brook University received a $10 million anonymous donation to create an Institute for Advanced Supercomputing.
As a leading bioresearch institution, Stony Brook University is a great marketplace for new biotechnologies and lab equipment. Hundreds of researchers from Stony Brook are conducting active studies right now and are in need of the latest biotech and supplies.
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