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January 22, 2021
The de Blasio administration on Thursday announced four winners of $ 38 million in infrastructure grants as part of LifeSci NYC, a $ 500 million pledge to establish New York City as the world’s public health capital.
The award will fund applied research and development facilities at four of New York City’s leading scientific research institutions – Columbia University, Montefiore-Einstein, the New York Stem Cell Foundation, and Rockefeller University.
Each facility is designed to facilitate partnerships between leading academic scientists and biotech and pharmaceutical companies. Deputy Mayor for Housing and Economic Development Vicki Been said, “This investment will strengthen the New York life sciences ecosystem as an engine for economic development and an incubator for cutting-edge public health technologies and treatments.”
Founded in 2016, LifeSci NYC invests in three areas: connecting research and industry, creating room for growth in the life sciences, and building a diverse pipeline of industry talent.
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Tags: business, finance, healthcare
The economy finances the health system
NYC will establish four biotech research and development facilities