BioCentury
ARTICLE | Financial News

Wellcome launches £250M blue sky fund

July 9, 2018 11:04 PM UTC

The Wellcome Trust launched the Leap Fund with £250 million ($333.5 million) to back life sciences projects deemed too risky to receive funding through traditional routes.

Wellcome Director Jeremy Farrar told BioCentury the five-year, not-for-profit fund will aim to back projects that have a chance to change a paradigm or open up a new field of science. He named examples of such breakthroughs as CRISPR gene editing, PCR or ultrasound imaging...

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