Duke Creates $20M Biomedical Fund

A $20 million endowment to foster research collaboration between bioengineers and clinicians, with the ultimate goal to develop new technologies to improve patient care, has been created by Duke University and the Wallace H. Coulter Foundation.

“The Coulter Foundation’s vision for translating promising biomedical research into practical applications is perfectly aligned with Duke’s commitment to knowledge in service of society,” said Duke President Richard H. Brodhead. “Duke is grateful to the Coulter Foundation for being our partner in this endowment, which will continue to nurture exciting developments in the future of medicine.”

The Duke Coulter Translational Partnership in biomedical engineering is being funded by $10 million from the Coulter Foundation, with additional investments from Duke and the Fitzpatrick Foundation, bringing the endowment to $20 million for the Pratt School of Engineering.

“This program started out as a grand experiment to link the relatively new discipline of biomedical engineering to translational research,” said Sue Van, president of the foundation. “With the capabilities and financial sustainability of this endowment, Duke is now a champion at the forefront of translational research and can systematically and successfully move innovation out of the university to benefit humanity.”

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