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NIH funding uncertainty spurs new biotech venture fund | TechCrunch

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Summary
Nutrition label

82% Informative

A pre-seed venture fund will seek to invest $100,000 to $250,000 in 10 to 15 biotech companies.

The fund will be managed by Altitude Lab , a Salt Lake City -based, non-profit, life sciences accelerator that Recursion set up five years ago .

Recursion ’s current market capitalization is over $4 billion .

VR Score

84

Informative language

83

Neutral language

82

Article tone

formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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