Bayer CropScience Makes Record Contribution to Texas Tech University Research
Recognizing the industry-wide impact of Texas Tech University’s agriculture research, Bayer CropScience announced a $19.3 million contribution to research programs in the College of Agriculture & Natural Resources.
The gift is eligible for state matching funds through the Texas Research Incentive Program (TRIP), which is expected to bring the gift’s total impact to $38.6 million, the largest cash investment for research in the history of Texas Tech University.
“Today’s announcement continues a productive and valuable research collaboration between Texas Tech University and Bayer CropScience,” said Texas Tech University System Chancellor Kent Hance, who has been working on this contribution for three years with Scott Cooksey, interim vice chancellor for Institutional Advancement. “Along with anticipated matching funds from the Texas Research Incentive Program, the impact of this contribution will reach nearly $40 million and benefit not only our research enterprise, faculty and students, but also our region.
Bayer CropScience’s contribution will fund an array of research expansions benefitting the Department of Plant and Soil Science, including an endowed chair position, an endowment for graduate student fellowships, and new research facilities and spaces that will benefit students and faculty.
“We are so pleased at the opportunity to continue to build our relationship with Texas Tech University,” said Mike Gilbert, vice president for Global Breeding and Trait Development, Bayer CropScience. “It will take multiple companies and institutions to address all the challenges agriculture will face in the future. Bayer CropScience is committed to research and development through collaborations such as this, and Texas Tech shares these same commitments. We look forward to a long and rewarding relationship that will impact agriculture in ways we can’t even imagine today.”
“It is a big day for Bayer…But as importantly, maybe even more importantly, I think it’s a great day for agriculture.”
Bayer CropScience, the agricultural division of Bayer’s global enterprise, is one of the world’s leading crop science companies in seeds, crop protection and non-agricultural pest control with a global workforce in more than 120 countries. Since 1998, Bayer has contributed $27.6 million to Texas Tech University that together with matching funds has resulted in a financial impact of $54.85 million.
“We at Bayer can’t solve these challenges alone,” said Frank Terhorst, Bayer CropScience’s global head of seeds. “It will take all of us working together to create new solutions for this revolution that we need in agriculture.
“It is a big day for Bayer. I learned that it is an important day for Texas Tech as well. But as importantly, maybe even more importantly, I think it’s a great day for agriculture.”