Stanford University’s medical school received $1.2 million from the California Institute for Regenerative Medicine for the training of stem cell researchers.

The university said the payment — one of 16 made in the first round of training grants by the institute, which oversees stem cell funding in the state — would support 16 scholars, six of them graduate students, five postdoctoral researchers and five doctors. This is the first payment in a three-year, $3.7 million grant for Stanford.

Legislation has kept CIRM from selling $3 billion in bonds to pay for research, so the group sold notes to six philanthropic organizations to raise the money for this first round.Link [www.bizjournals.com/eastbay/stories/2006/04/10/daily6.html]