Germany will give $10 million a year to support the Max Planck Florida Institute for Neuroscience, Germany's State Secretary Cornelia Quennet-Thielen announced at the insitute's official opening Wednesday morning.
"There is no better and rewarding investment than in the brains or our young children," said Quennet-Thielen, who heads the federal ministry of education and research in Germany.
The $10 million annual funding commitment is for an initial four years, she said.
Max Planck's first scientific research institute in the U.S. opened its new building in Jupiter, across from Scripps Florida.
The community is invited to tour Max Planck on Saturday, Dec. 8, from 10 a.m. to 4 p.m. Registration is required at www.maxplanckflorida.org/neuroscience-discovery-day.
Max Planck currently has under 100 employees, but has plans to grow to more than 135 employees by 2015.
The 100,000-sq.-ft. research center is built on six acres of land and includes includes 58,000 square feet of laboratory space.
The institute was founded by German scientist Max Planck, considered to be the founder of quantum theory and winner of the Nobel Prize in physics in 1918.
To bring Max Planck to Florida, the institute was awarded $94.1 million from the state's Innovation Inventive Fund. Palm Beach County provided $86.9 million for construction and operations while the Town of Jupiter waived $260,000 in impact fees and matched the state's funding.
The total $188 million investment is expected to result in more than 1,800 jobs -- some through start-up companies that spin off from the institute's research -- and generate more than $2 billion in economic activity, according to the state.
Hispanic #1 Breaking News for Entrepreneurs, Professionals and Small Business Owners - HispanicBusiness.com
OCTOBER 31, 2014
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