Purdue University Receives $25 Million From Lilly Endowment

Purdue University Receives $25 Million From Lilly Endowment

Purdue University in West Lafayette, Indiana, has announced a $25 million grant from the Indianapolis-based Lilly Endowment to create four new interdisciplinary research centers and provide operational support for six existing centers at Discovery Park, the university's forty-acre interdisciplinary research, enterprise, and education complex.

Roughly $10 million of the grant will be earmarked to support the launch of and provide three years of funding for the new research centers, while $12 million — $6 million for endowment and $6 million in seed funding — will go to the six existing centers: the Burton D. Morgan Center for Entrepreneurship, the Birck Nanotechnology Center, the Bindley Bioscience Center, the e-Enterprise Center, the Center for Advanced Manufacturing, and the Discovery Learning Center. The remainder of the grant will be used to endow a student internship program ($2 million) and a lecture series ($1 million).

"Discovery Park has made a great beginning in expanding interdisciplinary research at Purdue and translating that research into the technologies and enterprises that will drive Indiana's economic future," said Purdue president Martin C. Jischke. "Lilly Endowment played a key role in launching Discovery Park, and the new funds will help us continue to move forward in areas that represent Purdue's core strengths and enable us to take advantage of new opportunities that have arisen since we first unveiled the concept in 2001."

The grant increases the Endowment's financial commitment to the complex to more than $50 million. In 2001, it provided more than $25 million to help launch the park's first interdisciplinary centers.

"Lilly Endowment grants $25 million to Purdue's Discovery Park." Purdue University Press Release 01/21/2005.