New York is a National Leader in Public and Private Funding for Stem Cell Research
New York has created one of the largest public funding pools for stem cell research in the United States, with a commitment to distribute $600M in grants by 2018. The first grant awards were announced in January 2008; and twenty-five academic institutions in New York were awarded $14.5 million. Click here for a summary of the program and current grant opportunities.
In addition, the private sector has provided significant philanthropic support to supplement the state’s funding, including:
- $50mm from the Starr Foundation to advance research at Memorial Sloan-Kettering, The Rockefeller University and Weill Medical College of Cornell University;
- $15MM from Ruth L. and David S. Gottesman to establish the Ruth L. and David S. Gottesman Institute for Stem Cell and Regenerative Medicine Research at the Albert Einstein College of Medicine of Yeshiva University;
- $15mm from the Ansary family to Weill Cornell Medical College for stem cell therapeutics;
- $10mm from financier Leon Black to create a stem cell institute at Mount Sinai; and
- $10mm from The New York Stem Cell Foundation to further stem cell research and raise public awareness.