Title
University of Arizona Foundation
Description
For $35,000.00 in payment authority to purchase a sponsorship for the University of Arizona College of Medicine's Health InnoVention Fab (HIF) program for the Community and Economic Development Department. The City's sponsorship will help fund the implementation of the HIF program on the Phoenix Biomedical Campus, which allows students from multiple disciplines and colleges to collaborate with experts from corporations, regulatory and federal agencies or research partners to explore, cultivate and develop new medical innovations. The purpose of the program is to teach students how to become healthcare innovators and leaders capable of developing global public-private partnerships across multiple industries. The City's sponsorship will expand the services offered on the Phoenix Biomedical Campus, raise the level of notoriety of the biomedical industry in Phoenix and continue supporting the significant investment the City has made in the campus. The sponsorship is purchased with Bio Fund dollars; no General Fund dollars will be used. This item was approved by the Downtown, Aviation, Economy and Innovation Subcommittee on Feb. 7, 2018.