The Wellcome Trust – the world’s largest non-governmental funder of biomedical research* – is branching out into venture capital. The London-based organization announced today (20 March) that it would launch a £200 million business to invest directly in health-care and life-sciences companies. That’s a small but noteworthy change of strategy for the charity, which hands out £600 million in research grants each year and has a £14 billion endowment.
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