Indiana-based global life sciences and research university executives are unveiling the first industry-led collaborative life sciences research institute in the country.
The Indiana Biosciences Research Institute is a collaborative effort designed to discover, develop and deliver biosciences innovations.
The state legislature has allocated $25-million for the venture.
Another $25-million in private donations is being sought to pay a still-to-be-named CEO and other officials.
That leaves the project as much as $300-million short of its goal.