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Tyler, whose research indicates that scientific progress has been slowing over time, saw the pandemic as an urgent case where speed and agility were paramount. Patrick, leveraging his background in technology and finance, questioned why science couldn’t be funded as swiftly as a transaction on Stripe’s platform. Their brainstorming led to the creation of Fast Grants, an innovative funding model that streamlined the entire process.
How Fast Grants Changed the Funding Paradigm
Unlike traditional grant agencies that involve lengthy paperwork, specific formatting, and multiple review stages, Fast Grants simplified everything. Researchers could submit proposals in under an hour, and decisions were often made within days. This was a radical departure—fast, flexible, and targeted.