U plans to reinvest profits for research

Luke Feuerherm

 

The University of Minnesota is hoping $20 million of commercialization profits will strengthen future research.

President Bob Bruininks said at Wednesday’s Board of Regents meeting that the money has come entirely from the commercializing of university research and technologies and that the funds could be used for science, as well as other areas, to purchase equipment, hire trained technical personel and to create scholarships.

The $20 million will go to the Infrastructure Investment Initiative, and the University said it will begin to ask for funding proposals in late August.