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New York Medical College Awarded $450,000 to Expand BioInc@NYMC Facility and Center for Disaster Medicine

School Among 35 Colleges to Receive Grant for Infrastructure Improvements from New York State

Date: August 06, 2019
BioInc@NYMC
BioInc@NYMC
Media Contact:

Jennifer Riekert, M.B.A.
Vice President of Communications and Strategic Initiatives
New York Medical College
(914) 594-4552
jennifer_riekert@nymc.edu

Valhalla, New York –New York Medical College (NYMC) has been awarded $450,000 from New York State for the expansion and improvement of both BioInc@NYMC, NYMC’s biotechnology incubator, a designated New York State Innovation HotSpot, and the Center for Disaster Medicine, the College’s research and training center that has been preparing medical responders to be disaster-ready at a moment’s notice for the past 13 years. NYMC was one of only four Hudson Valley-based colleges, and one of 35 colleges and universities in New York to receive the grant aimed at supporting infrastructure improvements at New York’s private, not-for-profit colleges and universities.

Expected to drive job creation and new learning opportunities, this financial support will allow NYMC to add an additional 9,500 square feet to BioInc, which is currently filled to capacity, enabling the biotechnology incubator to make room for up to 20 additional startup companies. In addition, as a New York State Center of Excellence in Precision Medicine and Responses to Bioterrorism and Disasters—a designation given by the State to foster collaboration between the academic research community and the business sector, to develop and commercialize new products and technologies, to create and expand technology-related businesses and employment in New York State—the Center for Disaster Medicine’s expansion will include additional dedicated classroom and seminar space to support the Center’s teaching activities.

“Since it was first launched nearly five years ago, BioInc@NYMC has become an important force in New York’s biomedical industry. With the State’s support, this expansion will advance BioInc’s ability to fuel biomedical innovation in the Hudson Valley while enhancing our students’ training and their ability to compete in the pharmaceutical industry,” said Salomon Amar, D.D.S., Ph.D., vice president for research, professor of pharmacology and microbiology and immunology at New York Medical College (NYMC) and provost for biomedical research and chief biomedical research officer for Touro College and University System.

The funding comes from the Higher Education Capital (HECap) Matching Grant Program and is awarded by the HECap Board, which provides matching grants to private, not-for-profit colleges and universities for projects that create construction jobs and drive investment in communities across the state. Campuses that receive grants are required to invest at least $3 of their own funds for every $1 of state funds received.

“Matched with our own institutional funding, this HECap award will allow our Center for Disaster Medicine to continue to be at the forefront of disaster medicine, while expanding our incubator’s capacity to bring cutting edge biotechnology to the New York State,” said Edward C. Halperin, M.D., M.A., chancellor and chief executive officer at New York Medical College.

"New York's reinvestment in BioInc and the Center for Disaster Medicine is a grand endorsement of the incubator's remarkable success to date and the vital importance of the research and training provided by the Center for Disaster Medicine," said Robert W. Amler, M.D., M.B.A., vice president for government affairs and dean and professor of public health at New York Medical College.

A full list of projects awarded funding from the Dormitory Authority of the State of New York (DASNY), which administers the program on behalf of the Board, is available here.

New York Medical College

Founded in 1860, New York Medical College is one of the oldest and largest health sciences colleges in the country with nearly 1,500 students and 330 residents and clinical fellows, more than 2,600 faculty members and 23,200 living alumni. The College, which joined the Touro College and University System in 2011, is located in Westchester County, New York, and offers degrees from the School of Medicine, the Graduate School of Basic Medical Sciences, the School of Health Sciences and Practice, a School of Dental Medicine and a School of Nursing. NYMC provides a wide variety of clinical training opportunities for students, residents, and practitioners.