The center also makes good business sense. CIRM will invest up to $15 million in funding to help the start-up of the center. In turn, CIRM is projecting a return on that investment within five years through discounts on services to CIRM projects.
The Translating Center will coordinate with the Stem Cell Accelerator – approved by the CIRM Board in June – to help researchers create a comprehensive development plan for their project and coordinate on documentation required for filing regulatory applications. The Accelerator Center award also went to QuintilesIMS.