Monday, March 23, 2015

A New Grant Aims to Help Young Medical Researchers Jump-Start Their Careers

The Chronicle of Higher Education
March 23rd, 2015

The average age at which American medical researchers receive their first major grant from the National Institutes of Health is frustratingly, persistently high. So three leading philanthropic groups are attempting to step in and support young medical researchers early in their careers.
The Howard Hughes Medical Institute, the Bill & Melinda Gates Foundation, and the Simons Foundation announced on Monday a $150-million grant program designed to counter tight NIH budgets. The new grant, to be known as the Faculty Scholars competition, will provide five-year nonrenewable awards ranging from $100,000 to $400,000 per year. (Institutions would receive an additional 20 percent for administrative costs.)

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