02 Sep '11, 11am

Venture Philanthropy Gives Rise to the New Columbus

Venture Philanthropy Gives Rise to the New Columbus The global economic situation is having an impact on how governments finance research into the continued advancement of science. As a result, venture philanthropy is picking up the gauntlet and the bill as it finances an expedition to reach the deepest spot in the ocean, called the Challenger Deep. Billionaires Richard Branson and Eric Schmidt, who are behind Virgin and Google respectively, are investing in this program where the outcome promises to be a scientific catalyst in ocean exploration, discovery and knowledge. The Challenger Deep lies at the bottom of the Mariana Trench, seven miles below the surface of the South Pacific. Over the next year, venture philanthropy moguls Branson and Schmidt plan to send a new generation of high-tech submersibles designed to withstand the extreme pressure and cold of such depths. T...

Full article: http://www.justmeans.com/Venture-Philanthropy-Gives-Rise-...

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