Fred Hutchinson Cancer Research Center has announced awards totaling $1 million to nine of its scientists through the Evergreen Fund, a unique grant program that supports homegrown research projects deemed attractive to potential commercial partners.
This is the second year of Evergreen Fund awards. Fred Hutch’s Business Development & Strategy office created the program in 2016 to encourage scientists to pursue creative ideas with commercial appeal. Roughly $1 million in awards are distributed each year. The ultimate goal is to speed research from the bench to the bedside by advancing discoveries along a milestone-driven path that better positions the foundational science for licensing or venture funding.
Hilary Hehman, director of Strategic Partnerships and Alliances within Business Development & Strategy, said the program highlights the Hutch’s commitment to funding bold innovations that demonstrate commercial potential.
“We are committed to forging partnerships with industry and venture firms as a means of getting our science to the patient as quickly as possible,' she said.