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.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grantsRavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from U.S. Treasury for government assistance.
Read more »
Facebook Grants For Coronavirus News Coverage: 3 Questions With Campbell BrownFacebook has named 400 news organizations that will receive grants aimed at supporting coronavirus coverage. The company promised $100 million to prop up local newsrooms impacted by financial fallout from the pandemic.
Read more »
Exclusive: U.S. grants GE license to sell engines for China's new airplaneThe Trump administration on Tuesday granted a license to General Electric Co to supply engines for China's new COMAC C919 passenger jet, a spokeswoman for the company said.
Read more »
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
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.
Read more »