Gov. Andrew M. Cuomo says $5 million in funding will support the creation of a world-class biotech venture between Clarkson University and the Trudeau Institute.

The initiative is expected to save approximately 80 jobs at the Trudeau Institute, and encourage the commercialization of new technologies that will lead to creation of new companies and bring hundreds of jobs to the North Country, Cuomo said.

"I’m pleased to announce that today’s first round of funding officially moves the joint-venture between Clarkson University and the Trudeau Institute forward," Cuomo said. "This partnership harnesses the assets of the North Country to position the region as a premier destination for the growing biotech field, creating jobs and bolstering this industry in the region. As we work to make New York State a capital of innovation, this initiative will help spur the commercialization process, build new opportunities in the industry and create good jobs for the North Country."

The Trudeau Institute, a world-renowned center for immunological research in Saranac Lake, will use the grant of up to $5 million for a portion of the costs of ongoing programs, operations, and staffing at Trudeau biomedical research laboratories.

The Institute will continue to operate and expand its research laboratory to conduct biomedical research in New York State including aging, cancer, influenza, pneumonia, tuberculosis, acquired immune deficiency syndrome, and Lyme disease.

The Trudeau and Clarkson will establish and coordinate scientific research and expand education and technology-based economic development. Trudeau and Clarkson will also put in place the faculty, facilities, and educational programs to make this cluster self-sustaining and diversify and develop other funding and business opportunities to sustain a new business model for future operations.

“Clarkson University and the Trudeau Institute greatly appreciate the opportunity to move quickly to develop the emerging biotech partnership between both entities,” said Tony Collins, President of Clarkson University. “The Governor and New York State are truly jump starting this venture.”