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Need a Howard Hughes Like Foundation

Posted by: skyhigh - Sat Jan 01, 2005 5:13 am
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Need a Howard Hughes Like Foundation 
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Post Need a Howard Hughes Like Foundation   Posted on: Sat Jan 01, 2005 5:13 am
I saw a 60 Minutes program a few months back. Apparently Howard Hughes had set up the Hughes Medical Foundation, which is worth like $10 Billion today. Anyways, they dish out fairly liberally, with minimal forms, money for various research projects. $500,000 here, $1 million there, $150,000 elsewhere etc....

They interviewed a number of scientists and they all said how easy it was to research very obscure though valuable areas, like how our brain registers smell, or some disease that will never be profitable etc....

Anyways, if there was something similar for space it would be very valuable. Sure I'm stating the obvious. But if private individuals (Paul Allen?) or the government could set aside the money, and have a board of directors that spreads the seed money around, it would generate a lot of unique ideas and creative solutions I'd think.


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Post Research Foundation   Posted on: Sun Jan 02, 2005 11:13 pm
The problem is, there isn't enough devolopment privately. A non-profit research foundation is all well and good, but right now the money needs to go to for profit ventures, which are inherently more efficient. Of course, I don't have any money. But if someone wants to give me a couple of million, I'd be glad to donate some to space research.

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