A New Imperative for Private Research Funders: A Giving Smarter Guide
Science Ecosystem
The biomedical research ecosystem has faced significant challenges in recent years that jeopardize its logistics, funding, and human talent, and pose substantial risks to global health. In response, strategic philanthropy can drive solutions that solve the immediate needs of researchers while laying the groundwork for a more sustainable scientific ecosystem.
In this Giving Smarter Guide, SPARC looks at pressures the biomedical research system has endured, notably through COVID-19. It also identifies areas of consideration and actions for biomedical research funders to sustain a strong, collaborative, and more equitable medical research infrastructure in response to the COVID-19 pandemic. Such actions include the following:
- Identify shortfalls and increase budgets.
- Focus on human talent.
- Reevaluate the definition of productivity.
- Strengthen the biomedical nonprofit sector.