New UT Southwestern BioCenter to support research, boost Dallas business
TI is poised to benefit from opportunities that UT Southwestern Medical Center’s new BioCenter presents to the Dallas business community. The company played a supporting role in the establishment of the recently announced biotech park, which is expected to spur innovations in patient care and aid economic growth in the area.
The center will not only help to develop UT Southwestern technologies to the point of commercialization, but it will also provide commercial space for existing or start up life-science companies that want to locate close to the university and its many resources. The 13-acre site will eventually consist of four buildings that will provide up to 500,000 square feet of laboratory, office and research space. The first building is scheduled to open next summer.
"TI welcomes the establishment of this center. We expect semiconductor technology to play a key role in some projects, and we’re excited about working side-by-side with UT Southwestern researchers with the goal of commercializing breakthrough research in the medical device and health care fields," said Doug Rasor, TI vice president of emerging medical technology and current chair of BioDFW. "Along with TI’s creation of the Kilby Labs, the BioCenter uniquely positions the North Texas region to advance the technology of health care."
"As an academic medical center, one of our primary missions is to translate research discoveries from the laboratory into better care for patients. BioCenter provides us the opportunity to do that in our own backyard," said Dr. Dennis Stone, vice president for technology development at UT Southwestern.
"This is a public-private relationship, with industry and scientific progress driving each other," Stone said. "Science is spurring important medical advances at a phenomenal rate, and there’s been an evolution in the commercialization process over the past five or six years as we’ve begun to capitalize on our scientists and their discoveries."