Jefferson launched a $2M fund aimed at industrial hemp research - Philly


Apr. 30, 2019 9:56 am

Jefferson launched a $2M fund aimed at industrial hemp research

With funding from an Australian banker, the university will launch the Lambert Innovation Fund, a $2 million push into industrial hemp ventures from the Jefferson ecosystem.

In 2016, the couple gifted the university another $3 million towards medicinal cannabis and hemp research.

(Courtesy photo)

A $2 million gift from Australian philanthropist Barry Lambert, a former banker who’s currently the chairman of hemp tech company Ecofibre, will help Thomas Jefferson University establish an investment fund aimed at industrial hemp.

The contribution from Lambert and his wife, Joy, will set up the Lambert Innovation Fund within Jefferson’s Innovation Pillar, a push to invest in industrial cannabis companies from the Jefferson community.

“Barry Lambert likes to say that solving big problems requires courage and big ideas — that’s what this catalyst gift is all about,” said Stephen Klasko, president of Thomas Jefferson University and CEO of Jefferson Health. “The Lambert Innovation Fund will enable us to link ideas to impact.”

In 2016, the Lambert family made its first major gift to the institution: a $3 million check that helped establish the Lambert Center for the Study of Medicinal Cannabis and Hemp.

“Research into hemp is important to me and Joy, because we’ve seen it work,” said Barry Lambert. “Medicine derived from hemp gave relief to our granddaughter’s seizures, and our hope is that this new fund will provide resources and inspiration for innovations and products that help others.”

Already a member? Sign in here


Watch these 7 Penn startups battle each other for $135,000 in prizes

Is it legal? A quick look at 5 disruptive technologies — and the laws that make or break them

Drexel researchers made a more efficient energy-conductive ink



Why working with the University City Science Center was a game changer for 4 Philly startups

Ambler, PA


Data Engineer

Apply Now
Center City


Product Manager – Sales Tools

Apply Now
Center City


Member Experience Specialist

Apply Now

Science Center just gave $700K to support four local researchers

Temple students can now access buildings, pay for lunch with their phones

Villanova gets $3 million from the feds to study inclusion in STEM



Take a peek at the opportunities popping up at PromptWorks

Philadelphia, PA


Frontend Engineer

Apply Now
Philadelphia, PA


Product Marketing Manager

Apply Now
Blue Bell, PA

Pinnacle 21

Senior Software Engineer

Apply Now

Sign-up for daily news updates from Philadelphia

Do NOT follow this link or you will be banned from the site!