Biotechnology entrepreneur Dinesh Patel and his wife Kalpana will officiate at the launch of the $130 million, 208,000-sq.-ft. James L. Sorenson Molecular Biotechnology Building at the University of Utah in Salt Lake City April 19.
Patel, who has founded several medical device and biotechnology companies, is managing director of vSpring Capital and chair of USTAR (Utah Science Technology and Research Governing Authority).
The Sorenson building, a USTAR innovation center, was funded by a $100 million commitment from the state of Utah, $15 million from the Sorenson Legacy Foundation and private gifts, including a leadership donation by the Patels.
“We are deeply grateful for (Patel’s) vision and personal commitment to realizing the vision for the USTAR effort," said University of Utah president David W. Pershing.
In addition to their support for the USTAR building, the Patels have contributed significantly to other projects at the University of Utah, ranging from the health sciences and engineering to culture and the humanities.
The USTAR initiative, initiated in 2006 by Patel and other prominent Utah business leaders, is a long-term economic development initiative that promotes world-class research facilities and research teams.
“The building site both physically and academically unites the health sciences with main campus,” said the Indian American entrepreneur. “Through the USTAR initiative we are crossing traditional boundaries to accelerate research at the interfaces of medicine, pharmacy, engineering, computer science and life sciences.”