Ivy Foundation Biomedical Innovation Fund Doubles Support for U.Va. Projects Benefiting Human Health
New commitments from the Ivy Foundation and the University of Virginia School of Medicine will double the annual Ivy Biomedical Innovation Fund’s research awards for U.Va. faculty, while advancing discoveries to better diagnose and treat disease.
The Ivy Foundation Biomedical Innovation fund supports projects that involve School of Medicine faculty members and other investigators from multiple departments, schools and specialties across the University.
Since the creation of the Ivy Biomedical Innovation Fund in 2008, the Ivy Foundation has awarded $860,000 to University research collaborations that have the potential to yield leading-edge diagnostics, technology and treatments for a wide range of human health problems.
Each year, the fund awards approximately $200,000, with individual awards averaging $50,000. Beginning in 2013, the Ivy Foundation will increase its annual contribution, which will be matched by the School of Medicine to provide awards totaling $500,000 annually.
“The scope of projects funded over the past five years has been impressive,” said Dr. Robert W. Battle, who chairs the Ivy Foundation and directs U.Va.’s Adult Congenital Heart Clinic. “This research will make a real and immediate difference for patients. It’s gratifying to see the work that has been accomplished through the Ivy Foundation’s support. I look forward to seeing the impact that these added resources will make possible.”
In 2012, a record number of U.Va. researchers and clinicians applied for funding, with 28 proposals coming from U.Va.’s College of Arts & Sciences, School of Engineering and Applied Science, School of Medicine, School of Nursingand Medical Center.
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