Milwaukee-based Rockwell Automation Inc. will contribute $10 million to a public-private initiative aimed at bringing regenerative medicine technology to scale.
Rockwell’s investment will take place over five years and is part of the nearly $300 million planned for the Advanced Regenerative Manufacturing Institute announced by the Barack Obama administration last month.
The institute is funded by $80 million from the Department of Defense and $214 million from companies and nonprofits. It will be headquartered in Manchester, New Hampshire. The institute will work on developing next-generation manufacturing technology for repairing and replacing cells and tissues, with the goal of creating new skin or even organs. Read the full story here.