Media Advisory: California Stem Cell Institute to Approve First Research Grants
SAN FRANCISCO, February 14, 2007 - The Independent Citizens Oversight Committee (ICOC), governing board for the state agency charged with managing the $3 billion California stem cell research program, will meet Thursday, February 15, and Friday, February 16, 2007.
The 29-member Independent Citizens Oversight Committee (ICOC) is the governing board for the California Institute for Regenerative Medicine (CIRM). The list of members is available at http://www.cirm.ca.gov/faq/pdf/Members.pdf.
The ICOC is expected to approve at least 30 grants totaling $24 million for human embryonic stem cell research in California. These will be the first research grants approved under Proposition 71, the Stem Cell Research and Cures Act, adopted by California voters in November 2004. The agenda for the meeting is available at http://www.cirm.ca.gov/meetings/2007/02-15-07.asp.
Thursday, February 1, 2007
2:30 to 9:30 p.m. (Pacific)
Friday, February 16, 2007
8:30 a.m. to 5:00 p.m. (Pacific)
The ICOCÂ’s final vote on grant applications is expected sometime Friday morning.
Sheraton Gateway Hotel
300 Airport Boulevard
Burlingame, CA 94010
This is an historic occasion. These will be the first grants focused on human embryonic stem cell research approved under Proposition 71, the innovative Stem Cell Research and Cures Act, adopted overwhelmingly by California voters in November 2004. (In 2006, 16 California institutions received $12.1 million to train 169 new stem cell researchers.) While litigation is delaying the issuance of $3 billion in general obligation bonds authorized by Proposition 71, CIRM and the ICOC have received a $150 million loan from the stateÂ’s general fund, authorized by California Governor Arnold Schwarzenegger, $45 million in loans from private philanthropists, and another $8 million in smaller loans and gifts. CIRM received 231 applications from California scientists for these grants. The applications were reviewed by a committee of experts from outside California. Its recommendations and summary findings are available at http://www.cirm.ca.gov/RFA/
|Contacts:||Dale A. Carlson|