LONDON A £3.8million funding package unveiled Friday (June 14) is to be used to establish a scientific research centre in the North East of England.
The money is being provided by One NorthEast and the Department for Trade and Industry to establish the Institute for Bioinformatics (IfB) within university and business locations in the North East.
The institute will bring together biologists, physicists, mathematicians and business experts using powerful supercomputers to analyse biological information.
The establishment of the institute is to help create spin-out companies and roll out advancements in new technologies to regional and national businesses. The new institute will create up to 20 new graduate-level jobs in its first phase.
The institute is a regional consortium comprising One NorthEast, the North East’s universities and Nonlinear Dynamics – the Newcastle-based firm which provides software solutions to analyse scientific samples.
The University of Durham will be the accountable body for the IfB and the institute will build upon the university’s experience of working with powerful computers in its physics department.