Science Market Update

Harvard University Receives $50M Gift

Posted by Jennifer Nieuwkerk on Mon, Apr 29, 2013

A gift to Harvard University for $50 million is slated to be announced Monday. The money will be donated by former Harvard student and businessman Len Blavatnik to help fuel a major enterprise intending to bridge the break between basic biomedical research and the creation of new patient therapies. The gift will also kick-start the creation of a fellowship at Harvard Business School to help life science entrepreneurs by expanding their exposure to life science technologies and research.

“By increasing the collaborative efforts between Harvard Business School and Harvard’s scientific community, we will empower the next generation of life science entrepreneurs and provide a further catalyst for innovation and research development,” Blavatnik said.

According to The Boston Globe, Harvard University modified the goals of its Office of Technology Development in 2005 to focus on development and entrepreneurship. Over the next few years, its biomedical accelerator fund has helped with the creation of 37 projects, half of which are still improving and expanding thanks to the help of partnerships with companies.


Harvard Medical School

Harvard Medical School

Image courtesy of Németh Dezső and Wikimedia Commons


Biotechnology vendors and lab suppliers in Boston will find a well-funded laboratory equipment sales market at Harvard University, given this latest $50 million gift and the most recent NIH and NSF research funding statistics. In 2012, the NIH awarded Harvard University $392 million in research funding. The funding was distributed among a number of different departments at the university. For the convenience of our readers, we have composed a list with the number of projects awarded money in each science research discipline and the total amount of funding for those projects. For a full list of departments receiving funding, please visit the NIH website.

2012 NIH Life Science Research Funding at Harvard University

  • Anatomy/Cell Biology – 47 awards, $23.2 million
  • Biochemistry – 28 awards, $13 million
  • Biology – 100 awards, $26.4 million
  • Biomedical Engineering – 2 awards, $1.3 million
  • Biostatistics – 23 awards, $21.9 million
  • Internal Medicine – 13 awards, $5.6 million
  • Microbiology – 105 awards, $65.7 million
  • Veterinary Sciences – 22 awards, $23.2 million

In addition to receiving the $392 million awarded by the NIH, Harvard University also received $55.3 million from the NSF in 2012. The money was given out to various individual projects spanning the science research field. Of the total amount of research funding, $6.9 million went to life science projects alone. The life science programs of study included various disciplines such as ecosystem science, bio informatics, systematics and biodiversity science, molecular biophysics, evolutionary processes, population and community ecology, developmental systems, genetic mechanisms, and cellular dynamics and function.

Given the numbers above, it’s clear that Harvard University is a rich market for laboratory equipment sales. Biotechnology Calendar, Inc. encourages all biotechnology vendors and lab suppliers to network with science researchers, lab managers and purchasing agents at our Boston BioResearch Product Faire™ Event. Biotechnology Calendar, Inc. is a full-service science research marketing and event-planning company that organizes science research trade shows at top research universities across the country. For more information on our Boston BioResearch Product Faire™ Event, or to view more funding statistics for Harvard University, click on the button below. If you’d like to learn about a laboratory equipment sales market closer to home, we encourage you to check out our 2013 calendar of events.

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Tags: 2014, Harvard University, 2013, Northeast, Massachusetts, Boston, BioResearch Product Faire Event, Research Funding, Harvard, laboratory equipment sales

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