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NY Cap Research Alliance Receives $2.25M in Economic Development Funding

The NY Cap Research Alliance was created in 2011 to promote the development of biomedical interventions and devices, and to bring new jobs and new economic opportunities to the biomedical sector.

ALBANY, N.Y. (December 15, 2015) -- The NY Cap Research Alliance, a multilevel research partnership of the University at Albany, Albany Medical College, Rensselaer Polytechnic Institute and the state health department's Wadsworth Center, has received $2.25 million in state economic stimulus funds, part of $98.1 million awarded to area projects funded through Governor Andrew Cuomo's Regional Economic Development Councils initiative. The award, one of 114 in the 2015-16 round of project funding, will be used to advance biomedical research and interdisciplinary collaborations.

Alliance scientists are currently researching causes and treatment for diseases such as Alzheimer's and cancer, and investigating other neurodegenerative diseases and regenerative medicine. Since 2012, collaborations between researchers at the three institutions resulted in advances in the fight against disease, as well as the development of new medical technologies and other initiatives. The projects were supported with a total of nearly $900,000 of grant funding from the Alliance. To learn more about the Alliance’s efforts, see NY CAP Research Alliance Showcases Success and Impact of Regional Collaboration.

The Alliance was created in 2011 to identify and encourage business connections to promote the development of biomedical interventions and devices, and to bring new jobs and new economic opportunities to the biomedical sector, a growth area for New York's Capital Region. The Capital Region Economic Development Council is co-chaired by University at Albany President Robert J. Jones and James J. Barba, the President and CEO, Albany Medical Center.

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