The Ian Potter Foundation has put its weight behind a $1.25 billion 20-year blue-sky research project to rapidly develop therapeutics to respond to the next pandemic virus.
The $5 million seed funding from the foundation is the first local donation after Melbourne-based, Canadian economist Geoffrey Cumming pledged $250 million to establish a dedicated global research facility at the Doherty Institute. His pledge rocketed him to fourth spot in the latest Financial Review Philanthropy 50 list.
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Tom Burton has held senior editorial and publishing roles with The Mandarin, The Sydney Morning Herald and as Canberra bureau chief for The Australian Financial Review. He has won three Walkley awards. Connect with Tom on Twitter. Email Tom at tom.burton@afr.com
