The Francis Crick Institute, has received a £50m pledge from the Chris Banton Foundation to speed up the translation of discoveries into treatments.
This is the largest individual pledge that the charity has been given. The Francis Crick Institute was set-up by Cancer Research UK, following a four-year campaign to raised the £100m it needed to create the medical research body.
A new research fund will be dedicated to the translation of Crick discoveries and ideas into societal benefit, including the prevention, diagnosis and treatment of human disease.
Paul Nurse, director of the Crick, said “This fund is an investment in the long-term future of the Crick, and will help us to better harness our research to drive benefits for human health.”
Véronique Birault, translation director at the Crick, added: “The scientific culture of the Crick means that our researchers always think about the translational potential of their work. This fund will enable Crick scientists to validate early-stage ideas, demonstrate commercial potential and identify industry partners or investors to progress Crick discoveries towards the marketplace.”
A spokesperson for the Chris Banton Foundation said: “We are delighted to be able to support the early-stage translation of research at the Crick. This fund represents an ongoing partnership with the institute through which we can progress exciting discoveries.”