Research is already a big business at
the University of Texas Southwestern
Medical Center in Dallas.
It receives more than 80 million dollars
a year in research grants.
The Howard Hughes Medical Institute,
which is nestled on two floors of the
university, researchers with six million
dollars in grants.
The institute is constructing Dizengoff
for a new lab, a small investment
for the benefits the Nobel Prize
will reap. That was proven at
South-Western back in 1985,
when its own pair of scientific
detectives, Michael Brown and Joseph
Goldstein, won the Nobel Prize for
medicine that prompted increased
donations like 20 million dollars
from Dallas billionaire Ross Perot.
Donors want to be reassured
that the money that they're giving
is being put to effective use.
They're not giving money for anything
other than to help mankind.
The research dollars also helped create
jobs on campus.
In all, 50 new jobs at two point
three million dollars in business were
generated for every one million dollars
spent on research.
The Nobel Prize also helps the university
to attract top professors and students.
It means more money for the researchers
say it allows them to recruit more
people.
So it's a
positive reinforcement for
a lot of sides.
And that's intellectually stimulating for
graduate students like Mike Eck,
who has the advantage of bouncing his
research problems off a newly named
Nobel Prize winner who has an office
down the hall.
Not a log in Channel 5 News tonight.