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International: Ming Hsieh, Donates $50 Million to USC
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Ming Hsieh,
Founder of
Cogent,
Donates $50
Million to
USC to Endow
New
Institute
for Research
on
Engineering-Medicine
for Cancer |
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University
of Southern California
President
C. L. Max Nikias announced the university had made a bold
advance in cancer research thanks to a transformational gift
of $50 million from USC trustee and alumnus Ming Hsieh. The
funds will create a permanent endowment to support research
and development in the burgeoning field of nano-medicine for
cancer. The university will create the USC Ming Hsieh
Institute for Research on Engineering-Medicine for Cancer in
recognition of his generous support and years of service
to the university.
With this extraordinary
gift, Ming Hsieh joins USC as a partner in the fight against
cancer,? said USC President C. L. Max Nikias, ?and we are
extremely grateful and touched by his generosity. What is
exciting about the USC Ming Hsieh Institute is that it
bridges our two campuses. This kind of creative
collaboration is our best hope for dealing with this
devastating disease. On a personal level, I am deeply moved
that Ming Hsieh chose to make this visionary gift commitment
on the day of my inauguration.?
In 2006, Ming Hsieh
donated $35 million to the USC Viterbi School of Engineering
to endow the USC Department of Electrical Engineering, which
was named in his honor.
In the past five years,
Ming Hsieh has donated $85 million to USCs endowment to
advance two strategic initiatives. He is not only a generous
philanthropist, but a visionary one, investing in USC
programs that he believes will have long-term benefit not
only to USC, but to mankind, President Nikias said.
In his inauguration
address to more than 10,000 members of the USC community,
Nikias highlighted USCs strengths as an entrepreneurial,
innovative, and collaborative environment. He noted that the
great challenges of our time do not always fit within the
boundaries of academic departments, but often call for
several disciplines or schools to work together. He said
this would be especially true for addressing the most
complex global health challenges of the 21st century and
outlined the important role USCs academic medica
l center will play in USCs future.
Nanotechnology is creating
a new frontier in cancer research. The USC Ming Hsieh
Institute will fuel and expand the groundbreaking basic and
translational research taking place across many academic
disciplines on the USC University Park and USC Health
Science campuses. The objective is to get the best minds
from many fields working together to create breakthrough
solutions and get them to the cancer patients as quickly as
possible.
Recent advances in nano-medicine
are creating an exciting new era for cancer research,? said
Ming Hsieh. Bridging the gap between the laboratory and
patient care is the challenge today. USC has world-class
engineers, scientists, and physicians who know how to work
together to make real progress. It?s my hope that their
efforts will lead to better survival rates, longer
remissions, new treatments, and cures for this horrible
disease that leaves an indelible mark on so many.
He added, I know that the
strengths of the Viterbi School of Engineering in
nanotechnology, combined with the outstanding faculty in the
College of Letters, Arts and Sciences, and the Keck School
of Medicine of USC, will be able to achieve remarkable
results.?
The USC Ming Hsieh
Institute will conduct research on
nano-scale delivery platforms for drugs and therapeutics targeting
cancerous cells and tumors. Researchers will work on
encapsulating nano-particles and other promising
applications of nanotechnology. They will also seek to
create advances in biomedical imaging to help determine the
delivery and targeting efficiencies of these treatments and
therapies. At the same time, clinical research will be
conducted to assess the effectiveness of the resulting drug
delivery on actual cancer patients. The goal is to take what
is learned in the laboratory and apply it at the bedside,
and also to take what is learned at the bedside to inspire
further study in the laboratory.
USC is home to the USC
Norris Comprehensive Cancer Center, a major resource for
cancer research, treatment, prevention, and education, and
one of the first comprehensive cancer centers designated by
the National Cancer Institute (NCI) in 1973. Nearly 200
scientists and physicians who are members of the center
investigate the complex origins and progression of cancer,
develop prevention strategies, and search for cures. The USC
Ming Hsieh Institute will work in close coordination with
the center to bring new nano-medical treatments and
technologies from the laboratory to the patients that need
them the most.
According to the American
Cancer Society, approximately 1.5 million Americans will be
diagnosed with cancer in 2010. About 570,000 people are
expected to die more than 1,500 people each day. Cancer will
account for nearly one of every four deaths in the U.S. Yet
statistics cannot truly grasp cancers devastating human
cost, as the disease puts a burden on families and loved
ones and has an emotional i
mpact that lasts for years.
Ming Hsieh is an exemplary
trustee and alumnus, said Edward P. Roski, Jr., Chairman of
the USC Board of Trustees. His generous gifts continue to
advance the university and improve the lives of people in
our community, nation, and world. All of us in the Trojan
Family are very proud of him.
He is the embodiment of the American dream, and a role model for domestic
and international students alike.
Ming Hsieh was born and
raised in northern China and worked his way to USC where he
earned a Bachelor of Science degree in electrical
engineering in 1983 and a Master of Science degree in
electrical engineering in 1984. In 1987, he founded AMAX
Technology and in 1990 founded the Pasadena-based Cogent
Inc., which revolutionized automated fingerprint
identification. In 2006, he donated $35 million to the USC
Viterbi School of Engineering to endow the USC Ming Hsieh
Department of Electrical Engineering. At the time, it was
the largest gift ever for an engineering department.
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