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NIH funding uncertainty spurs new biotech venture fund
Earlier this month, the Trump administration directed the National Institutes of Health (NIH) to impose limits on specific types of funding it provides to
Gibson said startups that were qualified for Small Business Innovation Research (SBIR) grants from the NIH are invited to apply to the fund. The fund will be managed by Altitude Lab, a Salt Lake City-based, non-profit, life sciences accelerator that Recursion set up five years ago. That 2014 funding helped Recursion create its dataset, which formed the basis of its machine learning algorithm and drug discovery platform, Gibson said.
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