Google's former CEO Eric Schmidt and his wife Wendy have given a whooping sum of $150 million to the research institute to establish an innovative "new era of biology" aimed at battling different diseases' variants by combining the right mixture of data and life sciences studies. It is said that the Massachusetts-based Broad institute MIT and Harvard will be using these funds to build an innovation center.
This innovation center will bring together academia and industry to merge the two disciplines to make people healthier and the world a better place. To date, these fields have developed in parallel. Their convergence will establish a new era of biology, which will yield a deep understanding of biological processes. Its ultimate aim and focus will be to improve human health through more powerful disease prevention, diagnosis, and treatment.
Experts have stated that this initiative will set a precedent for building many research centers that mix science and technology. The innovation center will be named after the Schmidts, and the research center will collaborate with experts from numerous fields at companies' ranging from Google, Microsoft, and AstraZeneca. It will also partner with learning institutions that include Oxford University and the Mayo Clinic.