Navigation Links
Two-year $2.8 million Grant from Lilly Endowment Fuels BioCrossroads' Charitable, Educational and Scientific Mission

INDIANAPOLIS, Oct. 5, 2011 /PRNewswire/ -- BioCrossroads today announced the receipt of a two-year $2.8 million grant from Lilly Endowment Inc. The grant will fund a range of charitable, educational and scientific activities through 2013 as BioCrossroads continues to build upon Indiana's signature strengths in the life sciences.

"As BioCrossroads approaches our 10-year anniversary in early 2012, we recognize that Lilly Endowment's significant investment in our initiative has been a game-changer for the success of Indiana's life sciences sector and, therefore, for our entire community," said D. Craig Brater, MD, chairman of the board of BioCrossroads. "As detailed in a recent Battelle report on the progress of Indiana's life sciences cluster, Indiana has seen a decade of substantial growth and tremendous progress across a wide range of nationally significant indicators. This is in large part due to the efforts of BioCrossroads and the major support of its founding stakeholders, especially Lilly Endowment."

Indiana's life sciences sector has received national recognition as a life sciences center. In June 2009, The Economist said, "Though every state wants to be a hub in the life sciences, Indiana actually is one..." More recently, an August Wall Street Journal article called Indianapolis a hotbed of activity for the life sciences, citing the state's 825 life sciences companies and 8,800 new jobs.

Grants from Lilly Endowment for the BioCrossroads initiative (now totaling more than $25 million) go to the CICP Foundation, which also supports other eligible charitable, educational and scientific initiatives and activities of the Central Indiana Corporate Partnership. Since its inception, BioCrossroads has focused on projects that work with existing assets and connect them to the community in new ways, leading to the creation of eight collaborative enterprises, such as the Indiana Health Information Exchange, OrthoWorx and the Datalys Center for Sports Injury Research and Prevention.

Also, BioCrossroads has produced four leading Indiana life sciences reports since 2008 covering biopharmaceutical development, health information technology, orthopedics and Indiana's overall life sciences industry. These reports have helped elevate the regional and national visibility of each of these sectors as centers of innovation and excellence.

In a related development, Lilly Endowment also awarded a two-year $1.6 million grant to the CICP Foundation for the operations and expansion of the I-STEM Resource Network. Launched and sponsored by BioCrossroads, the network is a statewide consortium of higher education institutions managed by Purdue University which draws upon the efforts of 17 other universities, colleges and other institutions of higher learning around Indiana. The I-STEM initiative represents a unique and shared mission by these stakeholders to provide professional development for K-12 teachers that should result in measurable improvement in student achievement in the STEM disciplines. Such achievement is vital in preparing Indiana's next generation for some of the state's best opportunities in top fields, such as the life sciences, that draw heavily upon skills in mathematics and science.

"Lilly Endowment is pleased to support BioCrossroads' growing impact on the development of Indiana's nationally significant life sciences cluster," said N. Clay Robbins, Endowment president. "One of the Endowment's objectives is to help foster rewarding economic opportunities for Indiana residents. The flourishing of the state's life sciences cluster should result in the creation of many more such opportunities, which in turn should benefit residents and strengthen communities throughout Indiana.

About Lilly Endowment Inc.

The Endowment was founded in 1937 by three members of the Lilly family through gifts of stock in their pharmaceutical business, Eli Lilly and Company. While those gifts remain the financial bedrock of the Endowment, the Endowment is a separate entity from the company, with a distinct governing board, staff and location. In keeping with the wishes of the founders, the Endowment supports the causes of community development, education and religion. The Lilly family's foremost priority was to help the people of their city and state build a better life, and the Endowment remains primarily committed to Indianapolis and Indiana.

About BioCrossroads

BioCrossroads ( is Indiana's initiative to grow, advance and invest in the life sciences, a public-private collaboration that supports the region's existing research and corporate strengths while encouraging new business development. BioCrossroads provides money and support to life sciences businesses, launches new life sciences enterprises (Indiana Health Information Exchange, Fairbanks Institute for Healthy Communities, BioCrossroadsLINX, and Datalys Center), expands collaboration and partnerships among Indiana's life science institutions, promotes science education and markets Indiana's life sciences industry.

SOURCE BioCrossroads
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. OncoGenex Provides Update on Two-Year Survival Data from Ongoing Phase 1/2 Clinical Trial of OGX-011 in Non-Small Cell Lung Cancer
2. NEI Awards a Two-Year $2.18 Million SBIR Grant to Aciont
3. Two-Year Follow up Data of NuBac® IDE Feasibility Study Was Presented at SAS Meeting
4. Huifeng Bio-Pharmaceutical (HFGB) Announces USD $1.1 Million Supply Agreement with DNP International Co. Inc.
5. Kiwa Bio-Tech 2nd Quarter Revenues Increase 61.7% to $3 Million, Six Month Revenues Top $5.2 Million
6. Sales Contracts Worth $2.3 Million Signed Since 1 July 2008
7. VAP(R) Cholesterol Test From Atherotech Covers an Additional 9 Million of Florida Insured
8. Advanced Life Sciences Awarded U.S. Department of Defense Biodefense Contract Valued at up to $3.8 Million
9. Anthera Pharmaceuticals Completes $19 Million Financing; Appoints Christopher S. Henney as Chairman
10. John Grisham Joins Focused Ultrasound Surgery Foundation Board, Citing Novel Technologys Potential to Help Millions of Patients
11. Huifeng Bio-Pharmaceutical (HFGB) Reports over $5 Million in Gross Sales; Record Results for the First Half of 2008
Post Your Comments:
(Date:11/26/2015)... CHESHAM , England , November 26, ... Lightpoint Medical, an innovative medical device company specializing in ... Euro grant from the European Commission as part of the ... enabling the company to carry out a large-scale clinical trial ... -->      (Logo: , ...
(Date:11/25/2015)... -- PharmAthene, Inc. (NYSE MKT: PIP) announced  today that its ... (Rights Plan) in an effort to preserve the value ... 382 of the Internal Revenue Code (Code). ... its NOLs could be substantially limited if the Company ... of the Code. In general, an ownership change occurs ...
(Date:11/25/2015)... Studies reveal the differences in species of ... way for more effective treatment for one of the most ... --> --> Gum disease is ... yet relatively little was understood about the bacteria associated with ... by researchers from the WALTHAM Centre for Pet Nutrition together ...
(Date:11/25/2015)... 2015  Neurocrine Biosciences, Inc. (Nasdaq: NBIX ) ... CEO of Neurocrine Biosciences, will be presenting at the ... New York . .   ... 5 minutes prior to the presentation to download or ... will be available on the website approximately one hour ...
Breaking Biology Technology:
(Date:11/12/2015)... 12, 2015  A golden retriever that stayed healthy ... (DMD) has provided a new lead for treating this ... Broad Institute of MIT and Harvard and the University ... Cell, pinpoints a protective gene ... disease,s effects. The Boston Children,s lab of Lou ...
(Date:11/11/2015)... MedNet Solutions , an innovative SaaS-based eClinical technology company that ... announce that it will be a Sponsor of the ... held November 17-19 in Hamburg , Germany.  ... iMedNet , MedNet,s easy-to-use, proven and affordable eClinical ... able to deliver time and cost savings of up to ...
(Date:11/9/2015)... DUBLIN , Nov. 09, 2015 /PRNewswire/ ... announced the addition of the "Global ... to their offering. --> ... "Global Law Enforcement Biometrics Market 2015-2019" ... Research and Markets ( ) ...
Breaking Biology News(10 mins):