Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Friday, July 15, 2011

Delaware Gambles on Alliance

One of the world's largest research firms, Fraunhofer Gesellschaft chose Delaware for its first U.S.-based laboratory.

With funding and other support from the beginning, the Delaware Economic Development Organization and the University of Delaware have backed Fraunhofer's efforts to develop a new method for creating vaccines.

Those bonds became deeper Thursday with the ratifying of a new partnership between the state, UD and Fraunhofer.

The new agreement will result in a $32 million investment over the next six years to share between the state of Delaware, UD and Fraunhofer. The state will provide $6 million over the next six years through the Bond Bill and DEDO director Alan Levin plans to recommend another $3 million in Strategic Fund money for Fraunhofer at the September meeting of the Council on Development Finance. Previous Bond Bills already have routed $5 million to Fraunhofer in the past five years.

READ MORE …

No comments: