Bayer CropScience has announced in Lubbock a major gift of US $19.3 million towards cotton R&D research and other projects in the College of Agricultural Sciences and Natural Resources (CASNR) at Texas Tech University. This major gift is expected to receive matching funds from the State of Texas through its Texas Research Incentive Program.
Kent Hance, Texas Tech University System Chancellor today said, the total funding from Bayer is the largest ever for Texas Tech University and its overall worth is about US $54 million. Hance said,"today is historic and important day for Texas Tech University."
Michael Galyean, Dean of CASNR highlighted that in addition to todays gift, Bayer CropScience has already contributed US $8 million for research and development projects that look into the quality and functionality of cotton.
Mike Gilbert, Vice-President for Global Breeding and Trait Development, Bayer CropScience said that every year Bayer invests more than US $1 billion for research and development. He also stated that todays contribution to Texas Tech University is an example of Bayers commitment to research and development. Bayer CropScience belongs to the Bayer Group and has interests in crop protection, seeds and environmental sciences.