AUGUST 30, 2004
VOLUME 1 NO. 15
 

UBC cashes in on endowment fund

Scrooge mentality sent packing by provincial pot of gold


As the summer winds down and university labs across the country eke out a living from their dwindling grants, we'd like to take a moment to raise a Bob Cratchit cheer to a lucky group of UBC medical researchers. The BC government announced recently that it will be making major investments in education and UBC was one of the recipients of a tidy provincial handout.

The university has received an approval-in-principle � an indication of the amount of money that the government is likely to lend � from the Leading Edge Endowment Fund (LEEF) for $13.5 million dollars. The money is to be distributed among six research institutions, with each institution soaking up $2.25 million of the gravy.

The award was based on proposals submitted by each institution. "Our project proposal focuses on areas of critical need where we are confident that UBC can make a significant contribution," said Dr Lorne Whitehead, UBC's vice-president academic in a press release. The new injection of cash will allow the institutes to recruit new chairs, new researchers and push for more innovation. Research chairs have yet to be named to their position; the announcement is pending LEEF approval of the final research proposals. Once they get the green light the research institutions are expected to secure matching funds from the private sector.

Of the six areas of research slated to get the extra funding, five are within the UBC med school:

Addictions The money will go to help work on a national program to develop and evaluate new treatment approaches.
Depression Researchers will work with Vancouver Coastal Health Research Institute (VCHRI) on a centre for depression treatment, which will augment the work being done at the Mood Disorders Centre at UBC Hospital.
Early Childhood Development An emphasis will be put on an international research program that looks at how differences in children's early environments affect brain and nervous system development.
Genetic Medicine The new funding will help build on the outstanding genetic research at the Children's & Women's Health Centre of British Columbia and look specifically at the genetic causes, diagnoses and treatments of inherited diseases.
Prostate Cancer This research will also be conducted in conjunction with the VCHRI to create new therapies for men with prostate cancer.

 

 

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