Science Philanthropy
Science philanthropy refers to the practice of individuals, foundations, or organizations donating funds to support scientific research and innovation. This funding often targets areas that may not receive sufficient government or private investment, such as basic research or emerging fields like biotechnology and renewable energy. By providing financial resources, philanthropists aim to advance knowledge, foster breakthroughs, and address pressing global challenges.
Philanthropic contributions can take various forms, including grants, scholarships, and endowments. Notable examples of science philanthropy include the Gates Foundation, which invests in health and education research, and the Wellcome Trust, which supports biomedical research. These efforts help drive scientific progress and improve societal well-being.