FTX’s collapse could see SBF-funded foundations lack the resources to honor grants, and may even result in grants being clawed back.
on Jun. 30 that it had made 262 grants and investments totaling $132 million in projects — many of these involved in pandemic preparedness, among other scientific pursuits.on Nov. 11 in a group post noting:
“We are devastated to say that it looks likely that there are many committed grants that the Future Fund will be unable to honor.”to a Nov. 14 report from Science.org, there have been a number of grant recipients now concerned about their future following the FTX collapse, with SecureBio’s co-founder Kevin Esvelt suggesting that the firm is seeking emergency backup funding, stating:
“We don’t think it is right that anyone should lose their jobs over a financial calamity totally unrelated to the excellent work they are doing”of the Future Fund’s money include Biotechnology firm Sherlock Biosciences which was awarded $2 million to study infectious diseases, biotechnology firm HelixNano which was awarded $10 million for vaccine research, SecureBio which was awarded $1.2 to develop better pandemic defenses, and Our World in Data which was awarded $7.
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