News & CommentBiomedical Funding

A ‘Reforestation Plan’ for Biomedical Research

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Science  25 Oct 1996:
Vol. 274, Issue 5287, pp. 492
DOI: 10.1126/science.274.5287.492


Ottawa, Canada—An idea, floated by Canadian physician and entrepreneur Calvin Stiller, became the hottest topic at a conference of health leaders from 14 countries, who met here to discuss innovative ways to fund biomedical research. Stiller outlined a breathtaking plan that would turn Canadian universities into venture capitalists: Armed with a pot of government funds and assisted by a slew of tax shelters, they would invest in companies that would commercialize their researchers' findings. Revenues would later be plowed back into medical research.