Robert Mclean, reporting for CNN: Silicon Valley billionaire Sean Parker announced a $250 million grant on Wednesday to establish the Parker Institute for Cancer Immunotherapy, which aims to increase collaboration among researchers and accelerate the development of immune therapies. Immunotherapy uses the body's own immune system to help fight cancer, and is considered one of the most promising areas of emerging cancer research. More than 40 laboratories and more than 300 researchers and immunologists will participate in the project, including six top cancer centers: Memorial Sloan Kettering, University of Pennsylvania, University of Texas, Stanford, UCLA and UCSF. The Institute said that under the program, intellectual property licensing, data collection and clinical trials across multiple centers will be unified for the first time. The administration of all intellectual property will be shared across teams.