William Procter (1873-1951) (IMAGE) MDI Biological Laboratory Caption The MDI Biological Laboratory has announced the establishment of the William Procter Scientific Innovation Fund in honor of Dr. William Procter (1873-1951), a businessman, entrepreneur and scientist. The fund will provide up to $50,000 annually to full-time faculty members, students or research fellows at the MDI Biological Laboratory or its spinoffs to support areas including high-risk/high impact research, basic scientific research with potential for commercialization and education programs focused on translating scientific discoveries into commercial applications. Credit MDI Biological Laboratory Usage Restrictions None License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.