$5 million Smith & Nephew investment to fund new CoEE
The CoEE program awards lottery funds to the state’s three senior research universities to create cutting-edge research centers in areas that are likely to advance the state’s economy and create well-paying jobs.
The program also enables the universities to recruit some of the world’s leading researchers, known as CoEE endowed chairs. Each center is awarded from $2 million to $5 million in lottery funds by the state, which must be matched on a dollar-for-dollar basis with non-state investment from private or federal sources.
To date, 45 Centers of Economic Excellence have been created. A total of 22 world-class scientists and engineers have been recruited to South Carolina to lead the centers. The CoEE program has resulted in more than a quarter billion dollars of non-state investment in the South Carolina economy and is responsible for the creation of more than 2,000 jobs. For more information, visit www.sccoee.org.
About Smith & Nephew
Smith & Nephew is a global medical technology business, specialising in Orthopaedics, including Reconstruction, Trauma and Clinical Therapies; Endoscopy and Advanced Wound Management. Smith & Nephew is a global leader in arthroscopy and advanced wound management and is one of the leading global orthopaedics companies.
Smith & Nephew is dedicated to helping improve people's lives. The Company prides itself on the strength of its relationships with its surgeons and professional healthcare customers, with whom its name is synonymous with high standards of performance, innovation and trust. The Company operates in 32 countries around the world. Annual sales in 2008 were nearly $3.8 billion.