California awards $59 million in support of stem cell research

The governing board of California's stem cell agency awarded $59 million in research grants for the second cycle of an ongoing funding initiative, referred to as 'New Faculty Grants', targeting promising researchers and physicians early in their career entering the stem cell sciences. Twenty-three applicants from among 55 at 32 institutions were selected at a meeting in Palo Alto last Wednesday, by The Independent Citizens Oversight Committee, a 29-member governing body of the California Institute of Regenerative Medicine (CIRM). 'We expect these awards to play a significant role in changing the career trajectory of funded researchers, encouraging talented young investigators to pursue careers in stem cell research,' CIRM president Alan Trounson stated.

It is estimated that scientists typically do not receive major government funding for their research until into their early forties. 'Who would dedicate their life to a field where they could not have a chance to prove the value of their ideas until they were 43?' commented Robert Klein, chairman of the state stem cell institute. 'Without California's funding, the gap in federal funding would eliminate an entire generation of new clinicians and scientists,' he added.

Also, the talent pool of those who specialise in stem cell research is very small. This second round of grants attempted to focus even more specifically than before to attract new talent by supporting those who may not have previous experience in stem cell research. Recipients were therefore required to name mentors who will guide their efforts and ensure a successful career in the field.

Each grant contributes between $1.7 and $3 million towards salaries and research expenses over a five year period. In December 2007, an initial 22 'New Faculty Grants' were awarded providing roughly $25 million. The board will review further 'New Faculty' applications at its upcoming meeting in September. The grants are a slice of the overall $3 billion authorised by government officials to support stem cell research at California universities and research institutions.

Of the 23 recipients this time, 18 were UC (University of California)-affiliated. Most institutions have matched if not surpassed the state grants with private investment. Stanford received $43.6 million but is working to raise $200 million to build a four-story new medical center. Overall, according to the CIRM website, the governing board has already approved 229 research grants totalling more than $614 million.