The funding process for applied research in life sciences is ripe for innovation. It is currently riddled with stop
and-go inefficiencies – leading to waste. For patients and their loved ones around the world, this is simply not
good enough – lives are at stake.
There is no consideration of the broader outcomes when evaluating the size of the pot that funds research in any given period
Researchers waste 30% of their time applying for funding for their research. Running the risk of rewarding articulate applications over research quality.
Overreliance on commercial parties. Adding an unnecessary bias to what research is funded, leading to an emphasis on financial gains over clinical outcomes.
In Academic Centers there is a focus on publishing versus going to market – the ecosystem supports publication, not commercialization.