We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
How Does Philanthropy Influence the Rate and Direction of Progress?
from Section 2 - The Financial Determinants of Discovery
Published online by Cambridge University Press: 06 April 2023
The Medici family, through commercial and business ventures, attained considerable wealth and political sway in thirteenth century Florence. They also initiated the concept of patronage, providing sums of money to scientists to pursue their research; in fact, science philanthropy in the modern day resembles this Medici-esque patronage structure. Philanthropy can positively impact the research community, in part due to the flexibility of the funding structure it provides as well as the lack of political influence compared to public funding. They also have the flexibility to test new funding mechanisms that public funding bodies can later adopt, such as supporting individuals and not projects - in a way serving as a funding R&D project for future funding initiatives. However, the direction of research may also be skewed by vested interests from foundations and donors - as well as having other potentially negative downstream effects on the rate of progress. This chapter explores the complex role of philanthropy in setting the rate and direction of medical progress and provides solutions on how to improve their impact.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.
