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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

References

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