Harvard to receive $50 million to speed translation of research into therapies

"By increasing the collaborative efforts between Harvard Business School and Harvard’s scientific community, we will empower the next generation of life science entrepreneurs and provide a further catalyst for innovation and research development."

Harvard University has received a $50 million gift from businessman and alumnus Len Blavatnik to support a major initiative aimed at bridging the "valley of death" — the gap between basic biomedical research and the emergence of new therapies for patients.

By Carolyn Y. Johnson, Globe Staff

Full Story: http://www.boston.com/news/science/blogs/science-in-mind/2013/04/28/harvard-receive-million-speed-translation-research-into-therapies/dH6XlmPgNqPF5VD6fjh4eM/blog.html