by
Barbara Kram, Editor | March 19, 2007
A new endowment supports
Purdue's Alfred Mann Institute
for Biomedical Development
The Mann Foundation for Biomedical Engineering has announced a $100 million gift to endow an Alfred Mann Institute at Purdue University.
The university-based institute is designed to enable the commercialization of innovative biomedical technologies that improve human health. The $100 million endowment is the largest single endowment ever created for Purdue. "Through Purdue's Alfred Mann Institute for Biomedical Development, we are participating in a new model of university technology transfer for a new century," says Purdue President Martin C. Jischke. "Through the Purdue Research Park, we already have an effective strategy for technology transfer. But we now can enhance our capabilities to meet the growing need to translate our faculty members' discoveries into useful products.
"Our agreement states that preferential consideration will be given to Indiana companies wanting to license the university technologies that are further developed by the Alfred Mann Institute at Purdue. This university-private sector partnership can have a tremendous impact on economic development in Indiana and elsewhere, and on the well-being of people everywhere."
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Alfred Mann, who is a successful serial medical device entrepreneur and prominent philanthropist, says his goal is to build a bridge between academia and industry to move these health-related products to doctors and their patients in an accelerated process.
"Through Purdue's Discovery Park and the Purdue Research Park, the university has fostered an interdisciplinary approach to biomedical research that allows for important collaborations between engineering and biomedical sciences," Mann says. "The university's proven track record of interdisciplinary research and its extraordinary academic leadership and entrepreneurial spirit were key in its selection for this partnership."
The institute's agreement is between the Purdue Research Foundation, which oversees the Purdue Research Park, and the Alfred Mann Foundation. The institute will be housed in 30,000 square feet at Purdue's Discovery Park, where researchers use a multidisciplinary approach to advance research.
