Bentley Receives $1.3M to Advance the Integration of Science and Business
WALTHAM, Mass., March 4, 2013 /PRNewswire-USNewswire/ — The National Biomedical Research Foundation has awarded a $1.3M grant to Bentley University to establish a Center for Integration of Science and Industry, under the direction of Dr. Fred Ledley, Professor of Natural & Applied Sciences and Management. The mission of the Center will be to understand the process involved in scientific discovery leading to public value, and accelerate this process by engaging science and industry in interdisciplinary dialogue, scholarship, and education.
“We are living in a golden age of scientific discovery,” said Dr. Ledley, “and the public expects that these discoveries will create a better future by providing advances such as new treatments for disease, clean energy, improved crops, good jobs, and economic growth. Industry, however, is often unable to effectively integrate new scientific potentials with existing business practices. As a result, organizations often struggle to translate scientific discoveries into successful products and sustainable businesses.
The initial focus of the Center is to promote innovative business models for the biopharmaceutical industry that could accelerate the development of novel therapeutic products, such as monoclonal antibodies or gene therapy, and improve economic returns.
The grant will also support Bentley undergraduate students who are interested in conducting research relevant to the Center’s mission. Students will assist faculty and be mentored through independent projects.
“The Center for Integration of Science and Industry is a great fit for Bentley,” said Bentley President Gloria Larson. “Our academic model is focused on bringing business and arts & sciences faculty together to find smart, interdisciplinary solutions to societal problems. I am particularly excited about the opportunities for hands-on learning by our students and the exposure to new technologies that will prepare our students for careers in the science-driven economy of the future.”
The Center’s launch was celebrated on February 27(th) with an inaugural symposium titled “Succeeding at the Inventor’s Business.” It brought together inventors of three technologies that led to multi-billion dollar markets, along with entrepreneurs and executives who have successfully traversed the path from scientific discovery to commercial success.
THE NATIONAL BIOMEDICAL RESEARCH FOUNDATION is a not for-profit, 503(c)(3) Corporation that has been engaged in research and education in biology and medicine since 1960. The Foundation’s mission is to “conduct and support research and education related to science and the translation of scientific and technical discoveries into practical applications for the public benefit.”
BENTLEY UNIVERSITY is one of the nation’s leading business schools, dedicated to preparing a new kind of business leader – one with the deep technical skills, broad global perspective, and high ethical standards required to make a difference in an ever-changing world. Our rich, diverse arts and sciences program, combined with an advanced business curriculum, prepares informed professionals who make an impact in their chosen fields. Located on a classic New England campus minutes from Boston, Bentley is a dynamic community of leaders, scholars and creative thinkers. The McCallum Graduate School emphasizes the impact of technology on business practice, in offerings that include MBA and Master of Science programs, Ph.D. programs in accountancy and in business, and customized executive education programs. The university enrolls approximately 4,100 full-time undergraduate, 140 adult part-time undergraduate, 1,430 graduate, and 43 doctoral students. Bentley is accredited by the New England Association of Schools and Colleges; AACSB International – The Association to Advance Collegiate Schools of Business; and the European Quality Improvement System, which benchmarks quality in management and business education.
SOURCE Bentley University