A previous donor to Emergent Ventures Fast Grants is providing additional support to the program with the intent of helping to alleviate the ongoing COVID-19 crisis in India.
The anonymous donor from the New York City financial community recently contributed an additional $2 million, much of which will be usedby Emergent Ventures Indiato helpthat country’sscientists better analyze data that will help them better allocate medical resources in the fight against the lethal virus that is ravaging the world’ssecond-most populous country.
“The ongoing problems in India, I do think were a motivating force,” said, a professor of economics within Mason’sand the faculty director of thethat houses the Emergent Ventures program. “A lot of people wanted to help and they weren’t sure what to do, so they’re delegating that out to others like Emergent Ventures.”
Cowen.A $1 million grant from the Thiel Foundation launched the program, which Cowen said has received an overwhelming response and has sparked significant scientific progress.
“For me, it’s been very hearteningto see a lot ofthe people receive the money and have success in helping the world,” he said.
Emergent Ventures Fast Grants range between $10,000 and $500,000, with decisionsabout who receives them typically taking less than 14 days before they are dispersed to recipients.
To date, the program has doled out roughly $60 million in more than 240 grants, including several for potentialvaccines and treatments forCOVID-19.A Fast GranttoYale Universityscientistslast fallplayed a key role in the development of the.