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Yale gets $15M donation to expand its early-stage commercialization fund

By Jesse Schwartz
Published: May 16th, 2018

Yale University is expanding its early stage innovation fund with a new $15 million donation from the the Blavatnik Family Foundation.

Launched in 2016, the Blavatnik Fund for Innovation at Yale helps boost the development and commercialization of promising life science technologies, providing research grants and other resources to ensure that market-driven innovation can flourish at Yale.

The Blavatnik Family Foundation, headed by entrepreneur and philanthropist Len Blavatnik, initially gave life to the fund with a $10 million grant. With this additional $15M, the fund will be able to build on its early successes in supporting and promoting tech transfer among Yale researchers.

“The continued support for the Blavatnik Family Foundation provides vital resources for Yale investigators, who are leading incredible projects to cross the gap between early-stage research and creation of products that improve lives and society,” says Yale president Peter Salovey. “I am deeply grateful for the foundation’s confidence in the valuable research underway across campus.”

The new grant will also expand the Blavatnik Fellowship in Life Sciences Entrepreneurship, which enables researchers and businesspeople to work with faculty innovators to develop the commercial potential of Yale technologies.

“Researchers in the life sciences are constantly making novel discoveries that have a tremendous positive impact on our lives, especially in the prevention and treatment of disease,” says  Blavatnik. “Our hope is that by fostering a robust entrepreneurial ecosystem at Yale, we can significantly accelerate the application of these breakthrough discoveries to benefit those in need.”

Source: Yale News

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