University of Toronto Recieves $114 Million Federal Grant

The University of Toronto has received a $114 million grant from the federal government to help push forward stem cell research.
According to an article on CBC News:

U of T says the funding will allow the school, Hospital for Sick Children, University Health Network, and Mount Sinai Hospital to deliver a new program called Medicine by Design.

Prof. Peter Zandstra, one of the researchers involved with the Medicine by Design project, said:

We’ll be able to design cells, tissues, and organs from the ground up, hopefully with benefit to patients and benefit to the Canadian economy [….] Stem cells offer avenues to treat – and perhaps cure – devastating and costly illnesses such as cardiovascular disease, diabetes, blindness, lung disease, neurodegenerative disorders, and diseases of the blood and musculoskeletal system.

Click here to read the full article on CBC News.