University of Missouri's chancellor has announced a plan to double the university's funding for research.
MU Chancellor Alexander Cartwright announced his plan Tuesday, which also calls for expanding research and creative activities that impact the state and beyond, The Columbian Missourian reported.
The plan seeks to double research funding from $200 million to $400 million in annual expenditures. The plan's goal would be to decrease the funding gaps between the university and other public schools in the Association of American Universities.
"One of the things we want to do is have people understand we are very serious about becoming a premier Midwestern university," said Cartwright.
Cartwright's plan also includes attracting up to five national research centers over five years.
Cartwright stressed the impact these grants would have on the state economy. He predicted each national research center would provide about $20 million to $25 million in funding over four to five years.
He said the university's use of the shared facilities and partnerships among different organizations provided by the planned Translational Precision Medicine Complex, or TPMC, will help it obtain outside grant funding.
"Through the TPMC, the university will be able to pursue a collaborative approach to disease treatment and prevention that accounts for individual variability in genes, environment and lifestyle," Cartwright said.
Cartwright said the university is also committed to doubling funding for clinical medical trials to provide local residents with access to new technologies and treatments.