In an attempt to move away from the "three years, one postdoc, one protein" mindset the BBSRC is introducing a new longer and larger (LoLa) grant scheme to encourage more blue-sky research. The uncapped grants which start at £2 million have a maximum lifespan of 5 years; at present only two such grants have been awarded.
The grants align nicely with the £115 million push in systems biology that the council plans to make over the next 3 years.
http://www.timeshighereducation.co.uk/story.asp?sectioncode=26&storycode=400081
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