Thursday, December 21, 2006 8:00:00 AM PDT | VentureDeal Staff
TRENTON, NJ -- Governor John Corzine signed into
law a bill that will create $270 million in funding for stem cell research facilities
across the state.
The legislation, intended to boost the state's ability to attract researchers
and start-up companies, will provide $150 million to build a Stem Cell
Institute in New Brunswick, $50 million to build stem cell research facilities
at the New Jersey Institute of Technology and $50 million to build a biomedical
research center in Camden.
The intent is to create a statewide laboratory of interconnected research and
collection centers. In recent years, California voters approved a $300 million
bond to finance stem cell research in that state.
Email Page | Print Page
Want unlimited access to the complete database with thousands of technology companies, VCs and transactions for only $25 per month?
Start your Free 14 Day Trial now – no obligation or credit card required.
Founded in 2006, VentureDeal is a database that provides the latest information about venture capital firms, venture-backed technology companies and transactions throughout North America.
Learn More »
© VentureDeal, Inc., Menlo Park, CA. All Rights Reserved.