| Abbreviation | CPRIT |
|---|---|
| Formation | 2009 |
| Purpose | Promote and fund cancer research. Develop cancer research industry in Texas.[1] |
| Headquarters | 1701 North Congress Avenue, Suite 6-127 Austin, Texas 78701 |
Region served | State of Texas |
Chief Executive Officer | Wayne Roberts |
Main organ | Oversight Committee of nine appointed commissioners |
| Website | www |
The Cancer Prevention and Research Institute of Texas (CPRIT) is a state agency that funds cancer research in Texas. It is funded by bonds issued by the state of Texas. Researchers and organizations in Texas are invited to apply for grants that match CPRIT's mission and goals.
A financial statement prepared by CPRIT showed the organization planned to award over $250 million in cancer research grants and $28 million in cancer prevention grants in 2018.[2] The organization has taken in revenue of just under $300 million per year from sale of bonds in recent years.
By law CPRIT was established to: "(1) create and expedite innovation in the area of cancer research and in enhancing the potential for a medical or scientific breakthrough in the prevention of cancer and cures for cancer;(2) attract, create, or expand research capabilities of public or private institutions of higher education and other public or private entities that will promote a substantial increase in cancer research and in the creation of high-quality new jobs in this state; and(3) develop and implement the Texas Cancer Plan."[3] The organization's website says it is focused on “academic research, prevention and product development research.”
CPRIT is the second largest public funder of cancer research in the United States besides NIH's National Cancer Institute.[4]