Arc Institute – for curiosity-driven biomedical science and technology
arcinstitute.org
arcinstitute.org
(Via https://news.ycombinator.com/item?id=29568478, but we merged the threads.)
I wonder if this type of independent research institute with a generous budget is becoming more common. [0] Perhaps it's in response to current conditions in Academia. I hope it becomes more widespread.
[0] The model reminds me of the Allen Institutes, e.g. the Allen Institute for AI: https://allenai.org/
I think a big question is how to tap into geographical areas with less opportunity. Headquartering a new institute in Palo Alto makes sense to tap into existing world class researcher and funder networks, but talent needed to run research labs is overutilized in the Bay Area and will be hard to hire staff. Putting aside the logistics of operating outside the US, there are lots of places like Atlanta, New Jersey, Baltimore, Chicago etc. whose talent pools are relatively less utilized. I hope someone is thinking about placing satellite hubs in those areas.
Also, "According to the NIH, a grant application will typically result in a decision after something between 200 and 600 days."
The whole post is worth reading in light of this new announcement. https://future.a16z.com/what-we-learned-doing-fast-grants/
I expect a lot of the funding and research to be directed in those areas.
How much funding is behind Arc? - Arc’s donors will contribute more than $650M to the Institute to allow it to fully sustain scientists and their research for renewable eight-year terms.
What is Arc’s growth plan? - The Institute‘s growth through 2025 will be gradual, with the goal of building a culture and organization that can scale. Phase 1 of the institute will involve hiring 10–15 Core Investigators, each of whom may employ 10–20 trainees, researchers, or engineers. We envision the 5 Technology Centers to be of similar size, for a total headcount of approximately 150–350 scientific personnel. We expect to get there within 5 years.
Fantastic. This is desperately needed. Thanks Patrick C, Vitalik, et al, for funding this.
[1] https://ueaeco.github.io/working-papers/papers/ueaeco/UEA-EC...
And people thinking that curiosity is bankable in biomed research strike me as idealistic...
It will be interesting to see the output of this funding mindset more reminiscent of VCs but with a timespan that biological research programs require.
I would get great work done under these conditions but I'd never rise high enough in the application pool to be noticed.
I'm pretty sure this subset is very similar to the 'least curious' subset...
It looks like they’re going to be heavily investing in CRISPR too, by the choice of schools and personnel.
Stripe really is obsessed with pushing progress forward huh? Even their books are dedicated to that genre.
Looking forward to the innovation and the culture this project produces.
If anybody can do it, it’s Patrick and the extraordinary individuals behind this.
Similar but distinct thesis: "We should not be surprised then that the majority of even the most talented and passionate about science young scientists are not supported by the current structures and do not see their future in academia."
> Patrick Collison, co-founder and CEO of Stripe, talks with EconTalk host Russ Roberts about the pace of innovation. Collison argues that despite enormous increases in the numbers of scientists and researchers, the pace of progress in scientific and technological understanding does not seem to be increasing accordingly. The conversation looks at the challenge of measuring innovation and whether the pace of innovation should be a matter of concern and if so, what might be done about it.
https://www.econtalk.org/patrick-collison-on-innovation-and-...
If someone is a professor at a top bio-med university, do they really benefit the most from some additional funding, versus funding people from institutions that aren't as well known?
Looks like the Brazilian Serrapilheira Institute: https://serrapilheira.org/