Gov. Pence Wants $1.5M Grant Annually for Life Sciences Institute

IBJ News reported that Governor Mike Pence called for the state of Indiana to grant $1.5 million annually to develop a new life sciences research institute although it has already obtained support from the CEO of Eli Lilly and Co., John Lechleiter.
As quoted in the market news:

Pence’s appropriation request for what he calls the Indiana Applied Research Enterprise is modest because he wants the institute to seek out funding from private companies and industry groups, rather than what he describes as “the traditional model of federal grant-seeking, which our universities already employ.”

Indiana’s universities now derive about 10 percent of their research funding from industry sources, one of the highest percentages in the country.

Click here to read the full IBJ News report.