Inside ArchivesSubmit newsSend news for Inside to inside@iastate.edu, or call (515) 294-7065. See publication dates, deadlines. About InsideInside Iowa State, a newspaper for faculty and staff, is published by the Office of University Relations. |
Aug. 10, 2006 Battelle proposals clear first hurdleby Anne Krapfl Iowa State proposes to use nearly $4.75 million in one-time state economic development funds this year for research and commercialization projects in the areas of biosciences, advanced manufacturing and information technology. These are key opportunities for development in Iowa as identified in the Iowa Department of Economic Development's 2004-05 Battelle Report. The Board of Regents, State of Iowa, gave preliminary approval to Iowa State's proposal Aug. 8 and is expected to give final approval when it next meets Sept. 27-28. The legislation that appropriated the funds also created a non-profit central review board of regents and business people to review all the proposed projects prior to final approval by the regents. The proposal package already has $12.6 million in matching funds and in-kind support committed from private industry, Iowa State units, federal agencies and other sources. Funding sought for six proposalsUniversity leaders are seeking funds for six projects, four of which relate to the biosciences. Following is a brief summary of the proposal:
Infrastructure fundsA new field building for research in soybean diseases, and equipment purchases in the areas of bioeconomy and information technology are how Iowa State will spend $1.6 million in Battelle funds designated specifically for infrastructure improvements. University leaders propose that another $1.06 million designated for infrastructure be used to renovate lab space and purchase equipment that supports four of the six projects outlined above. The $4.75 million figure includes these infrastructure dollars. Iowa State's portion of the one-time, $20 million state appropriation to fund projects in areas identified in the Battelle Report is about $8.4 million. The university will use its remaining $2 million to leverage $4 million in private gifts and create endowed chair and endowed professor positions in the same three key areas. The regents approved this part of the plan in June. |
SummaryThe Board of Regents, State of Iowa, gave preliminary approval to Iowa State's proposal Aug. 8 and is expected to give final approval when it next meets Sept. 27-28. The legislation that appropriated the funds also created a non-profit central review board of regents and business people to review all the proposed projects prior to final approval by the regents. |