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transformative research

by   -   July 3, 2013

National Science Foundation (NSF) efforts to develop a mechanism to fund research proposals that had a high risk of failure, but which also had the potential for high return, began in 1980. In that year a task force was created by the NSF Advisory Council to look at the issue of “highly creative or innovative” proposals for which there was “a high risk of failure.”

The task force’s report identified two significant hurdles the NSF needed to overcome to support high risk/high return proposals:

by   -   June 27, 2013

Researchers and entrepreneurs are used to weighing the potential risks and rewards of any project they are thinking of putting time and money into. Potential financial investors — be they government policy advisors, members of grant committees, venture capitalists or angel investors — are no different. But in terms of viability, some projects, visionary and game-changing as they may be, are far from certain. Even if overwhelming technical hurdles are navigated successfully, there always remains the risk that the market will not be ready …



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