University of Illinois' New College of Medicine Receives $10 Million

University of Illinois' New College of Medicine Receives $10 Million

The has announced a $10 million gift from financial technology firm Jump Trading to launch a simulation center in its new , the first medical school in the nation focused on the intersection of engineering and medicine.

The Jump Simulation Center will immerse medical and engineering students in technology-driven clinical environments where they will become familiar with new medical devices, low-cost mobile technologies, medical simulation tools, and bio-printing and bio-fabrication techniques. The center will be located in Everitt Laboratory, which is scheduled to undergo a $55 million renovation in early 2016, after which it will become home to the university's . The renovation project is supported by a $20 million gift from the as part of its . Scheduled to open in 2018, the new medical school is a partnership between the university and .

Jump Trading previously made a $25 million challenge gift to establish   (Jump ARCHES), a partnership between the in the and the at in Peoria.

"Too often on university campuses, we talk about different disciplines working in silos, barriers separating us from valuable collaborations," said bioengineering department head Rashid Bashir, who helped develop plans for the new medical school. "But we'll have immediate proximity and constant interaction, thanks to the Jump Simulation Center. The engineers and medical students will be literally side-by-side, learning about and solving medical problems every day."