BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

North Carolina Biotechnology Center $2.5 Million Grant Advances N.C. Marine Biotech Sector


8/2/2011 10:48:29 AM

RESEARCH TRIANGLE PARK, N.C. August 2, 2011 – The North Carolina Biotechnology Center has approved a four-year, $2.5 million grant to establish a Marine Biotechnology Center of Innovation (MBCOI) to accelerate development of commercial products from the state’s marine life using the tools of biotechnology.

“North Carolina is a national leader in the life sciences, and we’re seeing our coastal marine labs contributing more to that base every year,” said John Chaffee, president and CEO of North Carolina’s Eastern Region, the fiscal agent for the marine biotech consortium. “This is especially true in the areas of health, energy, aquatic foods and diagnostics.”

“This Marine Biotech COI will bring together key partners to identify and prioritize innovations that can satisfy an identified market need,” he added. “Ultimately, successful commercialization of marine biotech innovations will grow the sector and lead to valuable North Carolina jobs. We are grateful to the Biotechnology Center for its leadership in creating the COI concept and for the assistance provided by its leaders.”

Mary Beth Thomas, vice president of the Centers of Innovation program at the Biotechnology Center, said a key feature of the COI program is “to capture and leverage the diverse strengths of North Carolina’s unique regions in ways that will grow a targeted industry sector leading to a stronger economy and the creation of good jobs.”

The four-year COI award builds upon a $100,000 planning grant given previously by the Biotech Center. That money was used to develop a business plan, making the MBCOI eligible for the Phase II funding. With the new award, the MBCOI must meet business milestones and ultimately establish itself as an independent, self-sustaining entity.

The first milestone will be the recruitment and hiring of a president/executive director to lead the MBCOI in identifying and prioritizing key market sectors, said Chaffee.

Key partners in the Phase I planning effort included regional economic development partners from the state’s Eastern and Southeastern regions as well as representatives from the state’s leading marine institutes: the University of North Carolina Wilmington and MARBIONC; the University of North Carolina at Chapel Hill’s Institute for Marine Science; North Carolina State University’s Center for Marine Science and Technology; and the Duke Marine Lab. East Carolina University technology transfer staff also assisted with creation of the business plan.

Daniel Baden, Ph.D., director of the Center for Marine Science at UNCW, said the MBCOI grant is an important step for North Carolina’s expanding role in protecting and tapping the vast resources found in the ocean.

“This COI is an excellent way to bring together a full range of business and academic strengths to create new products, new companies and new jobs through marine biotech innovation,” he said.

The MBCOI is one of four Centers of Innovation created by the Biotechnology Center to accelerate commercialization in areas of particular economic promise, including nanobiotechnology, drug discovery and advanced medical technologies.

The Biotechnology Center is a private, non-profit corporation supported by the N.C. General Assembly. Its mission is to provide long-term economic and societal benefits to North Carolina by supporting biotechnology research, business, education and strategic policy statewide.

Contact: Jim Shamp, senior editor of corporate communications, at jim_shamp@ncbiotech.org or 919-541-9366. Visit the Biotechnology Center's Web site at www.ncbiotech.org.



Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES