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Rowan University launches $50 million fund to accelerate research commercialization

Rowan University in New Jersey has launched a 10-year, $50 million fund to boost economic development in the region through the commercialization of research.

The Camden Health Research Initiative’s first grants, totaling $3.06 million, will go towards 24 different projects in 16 departments of the university.

“This major investment in research will further advance the emerging health sciences hub in Camden,” says Rowan president Ali Houshmand. “As we attract top researchers and build more programs, we also expect to see the development of more startups — and more jobs — in our region, further growing the South Jersey economy.”

The fund is part of larger investment Rowan has in the City of Camden, where in 2012 it created the Cooper Medical School of Rowan University (CMSRU), the first new medical school in New Jersey in 35 years.

“The awards reflect the complexity of medical and bioscience research and the impact that research will have on the community,” says Beena Sukumaran, vice president of research at Rowan. “Every grant recipient has the potential to further important research and possibly to change health care delivery and outcomes.”

Source: Rowan Today

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