NEW BRUNSWICK, N.J., Sept. 6, 2016 /PRNewswire-USNewswire/ -- New Jersey Health Foundation, a not-for-profit organization that funds health-related research projects in New Jersey, has committed $1 million for its latest round of grant funding, announced James M. Golubieski, president.
Through the New Jersey Health Foundation Research Grants program, this latest allocation will fund awards of up to $35,000 each for early stage research projects that demonstrate exciting potential and may lead to larger grants from other organizations to further advance the projects.
Jiang-Hong Ye, M.D., a past grant recipient and a professor of anesthesiology, pharmacology & physiology at Rutgers New Jersey Medical School, provides one example of how this program leverages the ability to obtain larger grants.
"My lab received a five-year grant from the National Institutes of Health that totaled more than $1.8 million as a result of obtaining compelling preliminary data made possible by our initial grant of $25,000 from New Jersey Health Foundation," explained Dr. Ye. "We are extremely grateful to the Foundation for its help in allowing us to purchase the equipment necessary to conduct our preliminary research."
In total, New Jersey Health Foundation has awarded more than $56 million to support early stage research in the state.
Faculty and personnel at these organizations are able to apply for funding: Kessler Foundation, New Jersey Institute of Technology, Princeton University, Rowan University, Rutgers University and Stevens Institute of Technology.
"Scientists throughout our state are engaged in cutting edge research," explained George F. Heinrich, M.D., vice chair and CEO of New Jersey Health Foundation. "We are delighted to help advance these basic research and technology projects by supporting potentially breakthrough science at these prestigious organizations."
Applications for this round of funding will be accepted from September 6, 2016 through November 7, 2016.
For more information, visit www.njhf.org.
About New Jersey Health Foundation
New Jersey Health Foundation is a not-for-profit corporation that supports biomedical research and health-related education programs in New Jersey through several grants programs and its affiliate, Foundation Venture Capital Group which makes private equity investments in life science start- up companies in New Jersey headed toward commercialization.
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SOURCE New Jersey Health Foundation