Research Investment; Tech receives more than $19 million from Bayer CropScience
A $19.3 million contribution from Bayer CropScience to benefit research programs and projects in Texas Tech's College of Agricultural Sciences and Natural Resources was announced today (Jan. 23). Funds will support research developments in the Department of Plant and Soil Science, including an endowed chair in plant and soil science, a fellowship endowment for graduate students and new research facilities and space in the department.
"We're so pleased at the opportunity to continue to build our relationship with Texas Tech University," said Mike Gilbert, vice president for Global Breeding and Trait Development, Bayer CropScience. "It will take multiple companies and institutions to address all the challenges agriculture will face in the future."
The $19.3 million contribution has been submitted for an equal amount of state matching funds from the Texas Research Incentive Program, which would increase the total impact to $38.6 million and be the largest cash investment for research in the history of Texas Tech.
"Today's announcement continues a productive and valuable research collaboration between Texas Tech University and Bayer CropScience," said Texas Tech University System Chancellor Kent Hance.
Bayer's total contributions to Texas Tech since 1998 equal $27.6 million. The full impact of Bayer contributions to Texas Tech including matching funds is $54.85 million, when leveraged with TRIP and Regents' Professorship matching funds totaling $27.25 million. Previous contributions from Bayer include $2.5 million toward the PSS building for research space in 2009, which was matched with $2.5 million in TRIP funds; and another $5 million toward PSS research funds, also matched with $5 million in TRIP.
CONTACT: Michael Galyean, Dean, College of Agricultural Sciences and Natural Resources, Texas Tech University at (806) 742-2808 or email@example.com
0123NM14 / Editor's Note: For a more detailed response from Texas Tech's Michael Galyean, dean of the College of Agricultural Sciences and Natural Resources, and Robert Duncan, vice president for research, go to http://lubbockonline.com/filed-online/2014-01-23/texas-tech-agriculture-dean-vp-research-say-bayer-contribution-enhance#.UuKb2_PnZaQ
- Agricultural & Applied Economics
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Editor: Norman Martin
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