Science Market Update

UMich Receives $17.5M Funding for Cancer Research

Posted by Laura Braden on Thu, Jun 23, 2016

This $17.5 million donation will establish the Forbes Institute for Cancer Discovery within the UMich Cancer Center.

The Comprehensive Cancer Center at the University of Michigan, Ann Arbor is one of only 45 comprehensive cancer centers in the United States, and provides cutting-edge cancer research. Researchers from 48 different university departments and 9 schools work together in the cancer center to find answers to some of the toughest questions that scientists face when learning about cancer. The university and Cancer Center will soon be expanding their research capabilities thanks to a generous $17.5 million donation from philanthropists Madeline and Sydney Forbes

The $17.5 million donation, the largest private donation for cancer research in the university's history, will establish the new Forbes Institute for Cancer Discovery to be located within the Cancer Center. Within this new Institute, scientists from all over the university will work to make advances in cancer research through different high-risk, high-reward initiatives. (Image courtesy of Biotechnology Calendar, Inc.)

Mark Schlissel, President of the University of Michigan, explained that: “This generous gift from Madeline and Sidney Forbes strengthens our ability to conduct lifesaving research originating from the University of Michigan's remarkable academic breadth. The Forbes Institute for Cancer Discovery will be another U-M center of excellence that supports innovation among faculty from many disciplines.” 

The Forbes Institute will also allow cancer researchers to conduct collaborative research. Projects to be undertaken in the institute include:  

  • Help move research from the labs to patients through innovative technology and therapies. 
  • Create scholarship programs for senior and emerging scholars - these scholarships will provide researchers with grants to further their work. 
  • Provide team research awards to groups working on collaborative, multidisciplinary projects. 
  • Developing new technologies that will speed up the process of developing cancer drugs, such as single cell genomics.

“Our Cancer Center has a national reputation for innovation and collaboration. This gift from the Forbes family will allow us to further accelerate our interdisciplinary work in ways that should truly improve patient care,” explained Ted Lawrence, M.D., Ph.D., director of the UMich Comprehensive Cancer Center.  

University of Michigan.(Image courtesy of Biotechnology Calendar, Inc.)

The University of Michigan, Ann Arbor is a leading institution in terms of the amount of funding it receives and research it produces annually. In the 2015 fiscal year, the university received more than $453.3 million in funding from the National Institutes of Health (NIH). This funding will greatly benefit multiple research projects and new building construction. Departments at the university receiving substantial amounts of this funding include: 

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UMich Receives $9.2M for C. diff Research

MSU Constructing New $15 Million Research Building

Columbia University Researchers Identify New Neurodevelopmental Syndrome 

  1. Internal Medicine/Medicine - $77.9 million
  2. Public Health and Preventative Medicine - $25.8 million
  3. Radiation-Diagnostic/Oncology - $20.6 million
  4. Pathology - $19.1 million
  5. Surgery - $18.3 million

With all this funding, researchers at the University of Michigan, Ann Arbor have the means to purchase many new lab products that will help with their studies and clinical trials. Biotechnology Calendar, Inc. produces an annual BioResearch Product Faire™ event in Ann Arbor that is a great opportunity to market lab products to active life science researchers at the university. This annual event brings researchers together with scientific supply companies, so that the researchers can find the best and newest products and technologies to further their work.

The 16th annual BioResearch Product Faire™ at UMich will be held on July 28, 2016, where more than 500 life scientists are expected to attend. Last year, 546 researchers came from 38 different research buildings and 86 on-campus departments.

To learn more about participating in this popular event, visit the link below:

Learn More About Ann Arbor Event

 

Researchers in Ann Arbor are encouraged to attend this complimentary event. To learn more and pre-register, please visit the following link:

Researchers: Attend  Ann Arbor Event

 

Tags: University of Michigan, Midwest, cancer research, Ann Arbor, MI, UMich, new funding, 2016, BioResearch Product Faire, Comprehensive Cancer Center, Forbes Institute for Cancer Discovery, Madeline and Sidney Forbes

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