Nature: Facebook Billionaire Pours Funds Into High-Risk Research
"Open Phil, based in San Francisco, California, acknowledges the high odds of failure of the basic research it funds and, for a private funder, publishes brutally honest assessments of its projects. These range from developing lab-made meat alternatives to a controversial genetic-engineering technology called gene drive. For its latest funding round, it asked scientists whose grant applications had been rejected by an NIH competition for risky research to dust off their proposals. Some 120 researchers resubmitted their requests, and the project awarded $10.8 million to four teams."