Stony Brook University has been awarded a $75 million state grant to build a center to develop and commercialize medical devices and treatments.
The 70,000-square-foot building, to be called I-DIME, for the Institute for Discovery and Innovation in Medicine & Engineering, will be built adjacent to university’s wireless technology and advanced energy centers. It is expected to open in 2021.
The center was approved unanimously by the board of Empire State Development on Thursday.
Judith B. Greiman, the chief deputy of SBU President Sam Stanley, told the ESD board that Stony Brook expects to create more than the 150 jobs at the center.
I-DIME will initially focus on brain chips to correct abnormal brain function, cancer drugs, treatments for hepatitis C and inflammation, as well as new personal health and imaging devices, according to the university’s grant request.
Stony Brook has also planned a so-called Innovation and Discovery Center at the site, a $60 million, 200,000-square-foot facility that would provide room for companies that have outgrown their incubator digs but still cannot graduate to commercial space.
Bob Catell, the chairman of the advanced energy center, told Innovate LI in March that the facility is completely full and that his board is exploring funding for a second structure or addition at the site.
Earlier in the meeting, the ESD board approved payment of $17 million in grants for Babylon’s Wyandanch Rising project included in previous rounds of funding for the local economic development council.