Category Archives: R&D

Prudent Risk is Wise But Don’t “Bet the Farm”

If you’re familiar with research and development philanthropy, you know that when a foundation decides to invest in R&D, they must be willing to take risks. But not every research opportunity is a good one, and not every innovative idea should be pursued. In considering an R&D investment, assess each opportunity wisely and take risks that are prudent, calculated, and thoroughly explored. Likewise, don’t “bet the farm” on any single piece of research or in developing any individual idea, product, or service. Instead, think of each R&D investment as just one part of a diversified portfolio. There are four criteria that can help foundations assess risk in any R&D investment: 1. Cost. What investment will this require in terms of grants, … Continue reading Prudent Risk is Wise But Don’t “Bet the Farm”

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