Karolinska Institutet gets $245 million for cancer research centre

May 12, 2016 – STOCKHOLM. Karolinska Institutet and the recently formed Sjöberg Foundation have today jointly signed a letter of intent describing the framework of a donation aimed at creating and managing a new cancer research centre located at Karolinska Institutet.

“It is gratifying that we now have a new player who wants to support Swedish research and development and contribute to improved cancer therapies”, says Professor Henrik Grönberg, acting Pro-Vice-Chancellor of Karolinska Institutet. “We are honoured that Bengt Sjöberg and his new foundation have chosen Karolinska Institutet as a partner in these discussions.”

Bengt Sjöberg, a Swedish businessman residing in Hong Kong, recently announced the creation of the Sjöberg Foundation, endowed with SEK 2 billion (approx. $245 million / EUR 216 million), with the goal of “making a difference in cancer research and the treatment currently received by cancer patients”. This new foundation, among other things, will award the annual Sjöberg Prize to a prominent cancer researcher or cancer research group. The prize will be awarded in close cooperation with the Royal Swedish Academy of Sciences.

Sixty-six year old Sjöberg received a diagnosis of lung cancer at the start of the year, and with Foundation he particularly hopes that the foundation’s money will improve lung cancer care and the treatment opportunities currently available in Sweden.

Source: Karolinska Institutet