Non-dilutive Funding For COVID-19 Related Projects
How much funding is going to COVID-19 related R&D? Who are the funding bodies participating and what are their areas of interest? If you are running a biotech/med device/diagnostics company and interested in pivoting or exploring COVID-19 projects, this resource may be helpful to you.
We have compiled a list of US government and other funding bodies that have released requests for proposals to address COVID-19.
The NIH (National Institutes of Health), through its various institutes have released request for proposals to tackle various aspects of COVID-19; Diagnostics (DX), Therapeutics (TX), Vaccines (VX), Biorepositories (BR), Manufacturing (Mfg). At around $1.5 billion, the National Institute of Allergy and Infectious Diseases (NIAID) and Rapid Acceleration of Diagnostics (RADx) are releasing the largest amount of funds for COVID-19 among the NIH institutes.
BARDA is responsible for developing and stockpiling vaccines and diagnostic tests. Interestingly, VC firms have shown little movement towards funding COVID-19 related projects. However, it is encouraging to find philanthropic individuals and organizations that have stepped into action by committing funds towards the global fight against COVID-19. One particularly interesting philanthropist is Twitter's CEO Jack Dorsey's donation of over $1Bn. In the spirit of full transparency, he has publicly tracked where his funds are going in this google doc.
We hope this was helpful in pointing you toward the right resources to explore options for your COVID-19 efforts!
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