UWI, Bio-Tech partner on R&D centre
Bio-Tech R&D Institute (BTRDI), led by Dr Henry Lowe, will renovate the old Pharmacology Building on the university campus at Mona, under a business partnership with the University of the West Indies (UWI) to develop scientific research.
Bio-Tech plans to develop a world-class state-of-the-art research laboratory. The project will also invest US$550,000 in R&D equipment, and contribute $6 million yearly to sponsor postgraduate students at the UWI over three years.
It places the value of the project at about $139 million.
The agreement was inked on Tuesday at the university by Lowe and pro-vice chancellor and UWI Mona principal, Professor Archibald McDonald.
The Bio-Tech partnership heralds "a new power relationship" in R&D and creates "a scientific research model for the Caribbean," said McDonald.