Stony Brook University was awarded a $75 million state grant on Thursday for a new institute where medical devices and treatments will be developed and commercialized.
The board of directors of Empire State Development, the state’s primary business-aid agency, voted unanimously to pay for the construction of a 70,000-square foot building, to be used by the Institute for Discovery and Innovation in Medicine & Engineering, or I-DIME.
The I-DIME building will be completed by August 2021.
I-DIME “will provide a place where cutting edge academic research and data analytic support come together with private-sector ingenuity to solve some of the most challenging problems,” Stony Brook President Dr. Samuel L. Stanley said after the board meeting.
He also said the institute “will serve as a magnet for companies and will result in the development of new products and markets.”
The I-DIME building will be located in the university’s research and development park. The park already is home to two new, state-backed facilities: the Advanced Energy Research and Technology Center and the Center of Excellence in Wireless & Information Technology.
Both are home to university…
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