News Formal

'Fast Grants' offer $500K for COVID-19 research, 48 hour turnaround - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A group of tech billionaires is funding ‘fast grants’ of up to $500,000 for COVID-19 research, with every grant decision made in less than 48 hours

"Science funding mechanisms are too slow in normal times and may be much too slow during the COVID-19 pandemic. Fast Grants are an effort to correct this," the fund'sThe fund was inspired by the

, an organization created during World War II that aimed to fund emergency scientific research as quickly as possible. From 1940 to 1941, it allocated $6.5 million, or over $120 million when adjusted for inflation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zoom CEO on security concerns: 'We moved too fast' and took 'missteps' - Business InsiderZoom CEO says company 'moved too fast' and made 'missteps' as privacy concerns about the popular video conferencing app have snowballed in recent weeks
Source: BusinessInsider - 🏆 729. / 51 Read more »

Chase is offering a 90-day mortgage deferment due to COVID-19 - Business InsiderDo you have a mortgage through Chase? You may qualify for a 90-day mortgage deferment if you've been financially impacted by the coronavirus. Credit card deferral as well 90 days
Source: BusinessInsider - 🏆 729. / 51 Read more »