Microsoft Cofounder Invests $9.4 Million in Biotech, Neuroscience

November 23, 2010 | Paul Allen, cofounder of Microsoft, is funding biotech with $9.4 million in grants. The Paul G. Allen Family Foundation has awarded seven three-year grants to Allen Distinguished Investigators, in what could become an ongoing program. The grants are focused on biotech and basic neuroscience and are meant for cutting-edge research projects that have not secured traditional funding from the National Institutes of Health or the National Science Foundation, yet have great potential to advance science and technology. The first grant go to researchers at MIT, Stanford University, the University of Washington, Caltech, and the Cold Spring Harbor Laboratory. Boston Globe