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Released July 08, 2016 | SUGAR LAND
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Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--On any given day, in any given state, odds are good that a major construction project is under way on a college or university campus to build a research facility. A recent survey of active higher ed-sourced capital projects, as reported in Industrial Info's Pharmaceutical-Biotech Database, reveals 164 projects under construction representing a total investment value (TIV) of $14.9 billion.
Click the icon at right for a graph showing University Sourced Laboratory Projects Under Construction by Market Region
The reasons and design behind many of the projects are varied, yet several common themes have emerged. Elevating the nation's education and training in the fields of science, technology, engineering and mathematics (STEM) is often listed as the need for many of the new research facilities. Translational research is at the top of every major university's planning agenda, as it speeds up the process of getting drugs or treatments to the patient--in effect, shortening the "bench to bedside" timeline. Collaborative research environments allowing multiple disciplines (i.e. biology, engineering) to work together in an open shared setting is a leading trend as well.
With an average total investment value (TIV) of $90 million, it is obvious that boards of trustees across the country find it important to fund these projects. Few projects of this magnitude spring up overnight--with some taking a decade between concept and construction--and a large portion of these projects ultimately are given the green light. In those cases where the projects fail to make it into the state budget, a number of schools are actively seeking and successfully landing private financing. Others receive funding from the federal government, usually in a matching funds set-up.
It would be remiss to neglect to mention larger schools' hopes of sharing in the profits of an eventually marketable drug product or device initially developed in a campus lab. On the other hand, major drug companies frequently donate vast sums of money to a campus research project for a number of reasons. In addition to the aforementioned possibility of having a potentially viable drug take to market, there is also the intellectual capital being fostered within these laboratories.
The scope of each of the 164 projects under construction varies widely and only serves to underscore how schools of all sizes are anxious to make the grade in the industry.
The smallest of reported projects in construction is just $5 million. San Francisco State University (San Francisco, California) is putting the final touches on renovating and outfitting 10,000 square feet of space within the existing Science Building to add eight new research laboratories, supporting multiple scientific discipline. Designed by Byrens Kim Design Works (Oakland, California), the project's construction manager is C.W. Drive (San Jose, California).
Considering the project data on a regional basis in strictly financial terms, the Great Lakes region claims the top spot, with $2.4 billion in investment divided over 24 construction projects. The largest of these is the $730 million Facility for Rare Isotope Beams (FRIB) under way at Michigan State University campus in Lansing, Michigan. The new scientific accelerator facility for nuclear science, funded by the U.S. Department of Energy Office of Science (DOE-SC), Michigan State University (MSU) and the State of Michigan, will be operated by MSU as a DOE-SC national user facility.
The FRIB will provide intense beams of rare isotopes (that is, short-lived atomic nuclei not normally found on Earth). FRIB will enable scientists to make discoveries about the properties of rare isotopes to advance knowledge in nuclear physics, nuclear astrophysics, fundamental interactions of nuclei and applications of rare isotopes for society. Included on the long list of project team members are the SmithGroup JJR Architects (Detroit, Michigan) and general contractor Barton Malow (Southfield, Michigan). Construction launched in 2014, with anticipated completion in 2022.
While some business opportunities still exist within the university projects already under construction, there are far more available on those that have not. A recent analysis of Industrial Info's database revealed 143 active university-sourced projects representing a $12.9 billion investment. None of these projects have started construction and are in various stages of planning and/or engineering.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Click the icon at right for a graph showing University Sourced Laboratory Projects Under Construction by Market RegionThe reasons and design behind many of the projects are varied, yet several common themes have emerged. Elevating the nation's education and training in the fields of science, technology, engineering and mathematics (STEM) is often listed as the need for many of the new research facilities. Translational research is at the top of every major university's planning agenda, as it speeds up the process of getting drugs or treatments to the patient--in effect, shortening the "bench to bedside" timeline. Collaborative research environments allowing multiple disciplines (i.e. biology, engineering) to work together in an open shared setting is a leading trend as well.
With an average total investment value (TIV) of $90 million, it is obvious that boards of trustees across the country find it important to fund these projects. Few projects of this magnitude spring up overnight--with some taking a decade between concept and construction--and a large portion of these projects ultimately are given the green light. In those cases where the projects fail to make it into the state budget, a number of schools are actively seeking and successfully landing private financing. Others receive funding from the federal government, usually in a matching funds set-up.
It would be remiss to neglect to mention larger schools' hopes of sharing in the profits of an eventually marketable drug product or device initially developed in a campus lab. On the other hand, major drug companies frequently donate vast sums of money to a campus research project for a number of reasons. In addition to the aforementioned possibility of having a potentially viable drug take to market, there is also the intellectual capital being fostered within these laboratories.
The scope of each of the 164 projects under construction varies widely and only serves to underscore how schools of all sizes are anxious to make the grade in the industry.
The smallest of reported projects in construction is just $5 million. San Francisco State University (San Francisco, California) is putting the final touches on renovating and outfitting 10,000 square feet of space within the existing Science Building to add eight new research laboratories, supporting multiple scientific discipline. Designed by Byrens Kim Design Works (Oakland, California), the project's construction manager is C.W. Drive (San Jose, California).
Considering the project data on a regional basis in strictly financial terms, the Great Lakes region claims the top spot, with $2.4 billion in investment divided over 24 construction projects. The largest of these is the $730 million Facility for Rare Isotope Beams (FRIB) under way at Michigan State University campus in Lansing, Michigan. The new scientific accelerator facility for nuclear science, funded by the U.S. Department of Energy Office of Science (DOE-SC), Michigan State University (MSU) and the State of Michigan, will be operated by MSU as a DOE-SC national user facility.
The FRIB will provide intense beams of rare isotopes (that is, short-lived atomic nuclei not normally found on Earth). FRIB will enable scientists to make discoveries about the properties of rare isotopes to advance knowledge in nuclear physics, nuclear astrophysics, fundamental interactions of nuclei and applications of rare isotopes for society. Included on the long list of project team members are the SmithGroup JJR Architects (Detroit, Michigan) and general contractor Barton Malow (Southfield, Michigan). Construction launched in 2014, with anticipated completion in 2022.
While some business opportunities still exist within the university projects already under construction, there are far more available on those that have not. A recent analysis of Industrial Info's database revealed 143 active university-sourced projects representing a $12.9 billion investment. None of these projects have started construction and are in various stages of planning and/or engineering.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
