Convergent Research is an incubator for philanthropic ventures founded in 2021 and funded by Eric Schmidt, Wendy Schmidt and Ken Griffin[1][2][3] as part of the Schmidt Futures Network.[4] Convergent Research is designed to remedy gaps in the research and development ecosystem by identifying high-impact scientific or technological R&D opportunities, then defining and launching companies as Focused Research Organizations (FROs).[5]

As of 2023, there are 7 FROs.[6]

Focused Research Organizations (FROs)

A Focused Research Organization, or FRO, is a type of non-profit organization designed to address technical problems or perform scientific research. They differ from academic research labs in that they have medium-to-large size teams with corporate structures, embrace projects which are unlikely to yield publishable results, and frequently involve scientists and engineers collaborating across disciplines.[7] FRO projects are not profitable enough in their initial stages for them to constitute a startup company, and unlike think tanks or research institutes, tend to pursue specific technical goals rather than general research.[8] Once their technical goals are achieved, FROs may evolve into more traditional non-profits, or become backed by venture capital and transform into startups.[9]

List of FROs

References

  1. "Fortune Article".
  2. "Schmidt Futures".
  3. "ABC News".
  4. "Forbes".
  5. "Philanthropy News Digest".
  6. "List of FROs".
  7. "Focused Research Organizations: A New Model for Scientific Research". Federation of American Scientists. 2023-06-15. Archived from the original on 2023-10-17.
  8. "Unblock research bottlenecks with non-profit start-ups". Nature. 11 January 2022. Archived from the original on 2023-10-13. Retrieved 2023-10-17.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  9. "A New Model for Science". Tony Blair Institute. 2022-08-04. Archived from the original on 2023-10-17.
  10. "E11 Bio | Moonshot Neuroscience". E11 Bio. Retrieved 2023-10-17.
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