Risky Business, or Is It?

Biologist Marston Bates once described research as “the process of going up alleys to see if they are blind.” Bates was referring to the inherent uncertainty in predicting and managing the scientific process. Research funding, particularly for fundamental science, can be a seemingly risky investment because of the uncertainty of a study’s impact. However, it is imperative that fundamental science is not viewed as a luxury, but as a necessary investment that has the potential to yield significant returns.

Continue reading