Nature Bioentrepreneur | Trade Secrets

Blue Sky funding

I read “an article in The Scientist “:http://the-scientist.com/2011/10/17/nih-grants-funding-drops/ on funding with a little cynical laugh the other day. It described how “The success rate of the government agency’s grant applications has hit an all-time low” – of 17.4% of all applications. That’s just under one in five: consider, then, that a recent call by South Africa’s National Research Foundation for 40 prestigious Research Chairs in local universities was over-subscribed by at least 10 to 1 – and that was with pre-screening by the institutions. Another call for “blue sky” projects for rated researchers – open to all 2,300-odd such people – was for a total of R15 million a year, and was expected to cater for about 30 projects. 

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