NEW YORK, Jan. 21 (Xinhua) -- Infrastructure grants totaling 38 million U.S. dollars were announced on Thursday to fund applied research and development facilities at four of New York City's leading scientific research institutions: Columbia University, Montefiore-Einstein, the New York Stem Cell Foundation, and Rockefeller University, according to the city government.
This is part of LifeSci NYC, a 500-million-dollar commitment to help establish the city as the public health capital of the world. Each facility will be dedicated to facilitating partnerships between New York's leading academic scientists, and biotech and pharmaceutical companies, with the ultimate goal of advancing innovative treatments for patients and growing the local industry, said an official release.