This week, Wellcome Trust Director Jeremy Farrar announced a new £250m not-for-profit fund: the Wellcome Leap Fund. The Leap Fund will accelerate #discovery and #innovation, with the aim of delivering breakthroughs over a five- to ten-year horizon. Said Farrar, "It will draw inspiration from the technology and venture capital sectors – taking on early stage, high-risk ideas and funding at scale – and apply these principles to charitable programme #investments in the #health and life #sciences. It will run for an initial five years from 2020 and will account for around 5% of our total charitable spend during this time." Farrar's full statement below explains more about the Leap Fund. I'm excited to of the type of creativity and innovation this type of funding could yield, ostensibly for the public good. …see more