Governor Cuomo Announces Collaborative Graduate-Level Grant Program to Develop Life Science Entrepreneurs

August 22, 2019

 Grant Program to Build Life Science Business Leadership in New York State

 Part of New York State's $620 Million Life Science Initiative

Governor Andrew M. Cuomo today announced a new grant program to develop life science entrepreneurial talent in New York State. This competitive grant will award up to $550,000 to qualified New York graduate schools of business, working in collaboration with medical schools or graduate programs in the life sciences, biomedical engineering or bioinformatics, to plan, develop and implement a new MBA concentration or certificate in life science entrepreneurship. This program is part of Governor Cuomo's $620 million New York State Life Science Initiative, which is designed to spur the growth of a world-class commercial life science sector in New York State.

"New York's rich research pipeline and life science industry offer enormous potential to expand our state's economy," Governor Cuomo said. "By collaborating to create an entrepreneurial management training program, we are preparing life science leaders in our state for tomorrow while developing and retaining talent in this burgeoning industry."

"We are committed to investing in programs to grow talent and provide opportunities for entrepreneurs," said Lieutenant Governor Kathy Hochul. "This grant program will provide graduate schools with funding to develop concentrations and pathways in the life sciences for individuals to gain the skills they need to advance in the industry. The effort is part of our overall investment in life sciences to expand businesses, support research, and strengthen the industry to create good jobs and grow the economy."

Read the full press release here.