Wellcome Leap Inc. – Main Award

Wellcome Leap Inc. has been established by Wellcome as a US, wholly owned not for profit entity with the aim of delivering breakthroughs in human health and demonstrate seemingly impossible results on seemingly impossible timescales. This will be achieved through the creation of a small portfolio of goal focused Programmes selected based upon their potential to improve health globally rather than by their potential financial or commercial return. Wellcome provides initial funding of $306.9M to Leap to cover their first 10 years of operation (although further funding may be provided over this 10 years). This funding will support Leap’s operational costs and ‘Programmatic costs’ which will include (but not be limited to) the employment of Programme Directors to build and orchestrate large research programmes, subject matter advice and support to formulate a programme and the funding of sub-awardees to carry out research in pursuit of a programme goal. Wellcome may provide further funding to Leap after 3 years of operation and it is anticipated that Leap will in time attract funding from third parties.