The program was inspired by the funding struggles of portfolio company Solugen, now valued at $2 billion, when it was getting started.
San Francisco venture firm Fifty Years has a new grant program to help climate scientists turn research into prototypes.
The program was inspired by the funding struggles of Fifty Years portfolio company Solugen, now valued at $2 billion, when it was first getting started.San Francisco venture firm Fifty Years is launching a new grant-making initiative to fund scientists working to translate their research into products that can curb climate change, or help people adapt to and survive it.
They submitted a pitch and competed at the MIT 100K entrepreneurship competition, and secured enough funding in prize money from that event, about $10,000, to create a prototype reactor using materials available for purchase at any big box retailer -- wood, PVC pipes and zip ties.
Applying for a Fifty Years Manifest Grant shouldn't take entrepreneurial scientists more than an hour, the investor said, and her firm promises to make decisions within three weeks. A typical Manifest grant will amount to $25,000 to $100,000, she added.
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