Money to be set aside for ‘blue skies’ fundamental research.
Imperial College London and the Massachusetts Institute of Technology are to invest hundreds of thousands of pounds in supporting “risky” research that might otherwise not be funded.
The two institutions will initially contribute $300,000 (£200,000) to spark collaborations between their academics, and have said they will invest more if the fund succeeds.
The MIT-Imperial College London Seed Fund will cover small-scale experiments that are “early-stage, risky and ‘blue skies’”, an announcement from Imperial said today. (...) - Times Higher Education, by David Matthews, October 5 2015