A Wellcome leap for blue sky funding

The Wellcome Trust is putting £250 million ($333.5 million) on the line to back blue sky life sciences ideas that would otherwise be too risky to attract early stage funding.

The non-profit Leap Fund will allocate the funds over the next five years to projects that Wellcome Director Jeremy Farrar said have the potential “to open up a whole new area of science, biology or medicine.” ...