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 institute's official opening on Wednesday morning. "There is no better and rewarding investment than in the brains of our young children," said Quennet-Thielen, who heads the German 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 Public 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.
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 eventually 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 Florida state government officials.
Read more: Max Planck opens Wednesday - South Florida Sun-Sentinel.com
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