POTSDAM New York will invest up to $35 million during the next five years to support biotech research and development efforts led by Clarkson University and the Trudeau Institute in Saranac Lake, Gov. Andrew M. Cuomo announced Wednesday.
The partnership between Clarkson University and the Trudeau Institute, a center for immunological research, is designed to form a world-class biotech enterprise to establish the region as a hub for research in the field, according to a news release from the governors office. New research efforts are expected to attract new investments, save more than 80 jobs at the Trudeau Institute and spur the commercialization of new technologies that will lead to the creation of new companies in the north country.
New York state has a major asset in both Clarkson University and in the Trudeau Institute, and we must harness these strengths to continue to strengthen our innovation economy, Mr. Cuomo said. This transformational partnership will allow for the best and brightest minds to collaborate and undertake world-class research and development, building the region into a global leader in the biotech industry and driving new opportunities and jobs in Northern New York.
Clarkson and Trudeau have collaborated for research projects in the past, and some faculty members serve on the scientific advisory board for the institute.
Clarksons research portfolio is accelerating in biotech and health sciences, and utilizes an interdisciplinary model that frequently brings faculty and industry together to solve complex problems and find practical solutions, Clarkson University President Anthony G. Collins said in a news release. Together, Trudeau and Clarkson have an opportunity to transform the body of scientific knowledge that will emerge through collaboration, as well as bring direct benefit to the north countrys economy through technology-based innovation and new educational opportunities.
The state funding will cover operational costs and lab improvements at both institutions, and provide for new programs to assure financial sustainability for Trudeau.
This infusion of funding over the next five years provides the momentum we need for stabilizing Trudeau and fast-tracks full implementation of a new business plan for the Trudeau Institute including translational research and new applications for our discoveries, Ronald H. Goldfarb, president, director and CEO of Trudeau, said in a news release. Enhancing our relationship with Clarkson University will synergize initiatives between our respective, talented faculties. Both institutions will be better positioned to seek corporate and private funding as well as large government grants.