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0 0.0135487232933819 -0.00833767587285045 -0.00364773319437208 -0.0257946847316311 -0.0500260552371027 -0.0568004168837936 -0.0508077123501825
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The Damon Runyon Cancer Research Foundation Launches New Seed Investment Program to Catalyze Biotech Funding [Yahoo! Finance]

Beam Therapeutics Inc. (BEAM) 
Company Research Source: Yahoo! Finance
NEW YORK June 9, 2025 /PRNewswire/ -- The Damon Runyon Cancer Research Foundation today announced the launch of the Innovative Ventures in Early-Stage Technologies (InVEST) Program . This unique initiative will automatically provide the first seed check to biotech startups founded by Damon Runyon alumni scientists. The goal of the program is to catalyze billions of dollars in commercial funding for scientific discovery while generating long-term, sustainable support for future cancer research breakthroughs. The InVEST Program will deploy $1 million annually to help Damon Runyon alumni scientists secure their first round of startup funding, often the most difficult capital to raise. These early investments will serve as a launchpad, enabling companies to attract substantial follow-on funding from top-tier venture firms. "At a time when federal funding for biomedical research is increasingly constrained, scientists are turning to commercial partners to bring their discoveries to li Show less Read more
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