Why it sits beside the fund
Some evidence should not wait for a term sheet.
Investment capital is patient about returns but impatient about proof. A study that would take a venture two years to justify commercially can be the difference between a treatment reaching people and a result sitting unpublished. The Foundation exists to fund that gap, separately from any investment decision.
The Foundation is governed separately from R3i's investment activity. Funding a project through the Foundation is not an investment, carries no financial return, and confers no interest in any company. Partners considering a commitment should seek their own tax and legal advice in their jurisdiction.