Wake Forest Baptist Medical Center and Wake Forest University have received a $2.5 million multi-year grant from the Wells Fargo Foundation to create the Wells Fargo Faculty Scholars Program. The program aims to accelerate the growth of innovative research conducted at both institutions, which are the leading economic drivers in the Piedmont Triad.
The main purpose of the Wells Fargo Faculty Scholars Program is to fund recruitment of faculty whose research shows the promise to generate significant intellectual property and regionally-based commercialization efforts as either start-up or spin-off companies. This research is expected to produce job-creating ventures within the Piedmont Triad Research Park, North Carolina’s largest urban life sciences research park, attract more biotech research companies to the Park and increase the region’s employment base.
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