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ChinaTalk
R&D Renaissance with Kumar Garg
Sep 17, 2024
Kumar Garg, a former Obama official in the Office of Science and Technology Policy, now leads Renaissance Philanthropy, focusing on innovative science funding. He discusses strategies for identifying high-impact projects in areas like carbon sequestration and neurocognition. The conversation also highlights the importance of alliance management in US-China competition and critiques current R&D funding models. Garg emphasizes how philanthropy can catalyze groundbreaking advancements and reshape the landscape of science and technology.
01:15:38
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Quick takeaways
- Renaissance Philanthropy aims to revolutionize philanthropic engagement by connecting wealthy donors with innovative mid-scale research projects to foster proactive funding.
- The initiative addresses systemic issues in research funding that constrain ambitious projects, encouraging researchers to pursue high-impact, groundbreaking ideas instead.
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Renaissance Philanthropy's Vision
Renaissance Philanthropy aims to revitalize the philanthropic landscape by drawing inspiration from the Italian Renaissance, highlighting the influential role of wealthy patrons in supporting science and innovation. Kumar Garg emphasizes that many affluent individuals currently donate less than 2% of their fortunes, primarily due to their active professional engagements and the absence of appealing funding opportunities. This initiative seeks to transform the way donors interact with emerging ideas and projects, encouraging them to engage early and strategically, rather than waiting until later in their careers. The organization aspires to bridge the gap between promising mid-scale research ideas and funding, ultimately fostering a culture of proactive philanthropy.
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Discover
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