Burroughs Wellcome Fund

Industry:

Pharmaceuticals, Drug Manufacturing & Research

Description

On May 25, 1955, BWF was created as the corporate foundation of the Burroughs Wellcome Co., the U.S. branch of the United Kingdom-based Wellcome pharmaceutical enterprise. BWF is now without ties to any corporation as an independent private foundation with assets totaling more than $650 million and distributions of $25 to $30 million in grants.

The Fund's mission to promote the advancement of biomedical science begins at the individual level. BWF has continually invested in scientists at the early stages of their careers and has provided risk capital for underfunded research projects. In the past 10 years, BWF has awarded $250 million to support young scientists in the United States and Canada.

"The mission our board selected to carry out is to invest in people, the human capital of the research enterprise," Dr. Bond said. "People represent the most important and longest term investment, especially in a knowledge-based economy."

Since becoming an independent, private foundation in 1994, the Fund has sought a better future for scientists and researchers. One idea was to begin at the early foundation of education.

In 1996, the Fund created the Student Science Education Program (SSEP). The program supports science educations for middle school and high school students in N.C. and recognizes that a good education is enriched by hands-on, inquiry-based science instruction. From a long-term perspective, the state would benefit from a prepared, science-literate workforce in a technology driven economy.

Since SSEP's inception, BWF has contributed more than $10 million to science enrichment programs across the state, engaging nearly 24,000 middle school and high school students by partnering with science museums, private and public schools, universities, and community organizations.

"We do not believe there is any magic bullet for education," Dr. Bond said. "Rather, a steady long-term commitment and continuous improvement in the curriculum will yield children that increasingly improve their performance in science and mathematics education."

After the celebration, a poster session was held in BWF's headquarters to display the work of students representing the American Chemical Society, North Carolina Grassroots Science Museum Collaborative, N.C. School of Science and Mathematics, and the Shodor Education Foundation.

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RESEARCHERS IDENTIFY GENE VARIANT LINKED TO GLAUCOMA US Fed News Service, Including US State News; 9/22/2009 ...grants from the National Eye Institute of National Institutes of Health, Research to Prevent Blindness and the Burroughs Wellcome Fund.For more information please contact: Sarabjit Jagirdar, Email:- htsyndication@hindustantimes.com. Debra... ...more

MEDICAL RESEARCH:ERIC CAMPBELL Congressional Testimony; 7/29/2009 ...the National Institutes of Health, Robert Wood Johnson Foundation, Greenwall Foundation, ABIM Foundation, Burroughs Wellcome Fund, and Josiah Macy Jr. Foundation. Society relies upon research to advance scientific discoveries and develop... ...more

Why present-day advanced robots get stuck in the sand. Asian News International; 10/5/2009 Washington, February 10 (ANI): The Burroughs Wellcome Fund and the U.S. Army Research Laboratory are funding a research into why present-day advanced mobile robots have difficulty traversing... ...more