New bioscience research institute
INDIANAPOLIS -- Indiana Governor Mike Pence is boosting Indiana’s economy with new jobs and scientific innovations.
Governor Pence announced a new Indiana biosciences research institute Thursday in Indianapolis.
It is made up of top universities including Notre Dame and life sciences companies like Bio-met Orthopedics in Warsaw and Eli Lilly.
"If we could do just enough of that to capture 5% of what industries spend already somewhere, but not here," said David Johnson. "That's $250-300 million a year coming into Indiana's economy. That's real money and that is business."
Both Purdue and Indiana University are also on board.
The institute got $25 million in start-up funding from the state. It is trying to get another $25 million from industry sources.