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Convergent Research
Incubator for philanthropic ventures From Wikipedia, the free encyclopedia
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Convergent Research is an incubator for philanthropic ventures founded in 2021 and funded by Eric Schmidt, Wendy Schmidt and Ken Griffin[1][2] as part of the Schmidt Futures Network.[3] Convergent Research is designed to identify high-impact scientific or technological R&D fields, then launch companies to address these fields with a structure they call Focused Research Organizations (FROs).[4] As of 2023, there are 7 FROs.[5]
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Focused Research Organizations (FROs)
A Focused Research Organization, or FRO, is a type of non-profit organization designed to address technical problems or perform scientific research. They differ from academic research labs in that they have medium-to-large size teams with corporate structures, embrace projects which are unlikely to yield publishable results, and frequently involve scientists and engineers collaborating across disciplines.[6] FRO projects are not profitable enough in their initial stages for them to constitute a startup company, and unlike think tanks or research institutes, tend to pursue specific technical goals rather than general research.[7] Once their technical goals are achieved, FROs may evolve into more traditional non-profits, or become backed by venture capital and transform into startups.[8]
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List of FROs
- Development for Lean (proof assistant) is supported by a FRO.
- E11 bio has a goal of creating a single-cell neural circuit mapping tool.[9]
- Cultivarium
- ParallelSq Technology Institute
- EvE Bio
- Forest Neuro
- [c]Worthy
References
External links
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