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The Importance of Seed Money

October 27, 2013  /  BY Kelly Lange

Researchers have told me time and time again that it is extremely difficult to get seed money to fund new ideas. Organizations that give large sums of money for research expect a reasonable chance that the research will be successful, and thus, tend to fund studies that explore ideas for which data has already been collected. Therefore, in order to show that an idea has merit, you must have some data. And you need data to get money. So, how do you generate data with no money?

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