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The 2009 Damon Runyon-Rachleff Innovation Award Granted for Pioneering Ideas for Early Detection of Ovarian and Lung Cancers, Bone Marrow Transplant Safety, and Discovery of New Genetic Markers for Cancer
Date:1/22/2009

al. This is in direct contrast to venture capital funding, where young people are recognized as being the most likely to make breakthroughs. This Award was designed to address this incongruity."

Lorraine Egan, Executive Director of the Damon Runyon Cancer Research Foundation, added, "Most research funded today is safe and incremental. For large breakthroughs, we need to take risks. We're delighted to once again be funding such innovative ideas."

Mr. Rachleff is a lecturer in entrepreneurship at Stanford School of Business, and a co-founder of Benchmark Capital. His previous investments include AOL and Juniper Networks.

Damon Runyon Cancer Research Foundation

Founded in 1946, the Damon Runyon Cancer Research Foundation is a leading provider of cancer research funding and support for early-career investigators. The Foundation aims to:

  • Recruit the best and brightest young scientists into cancer research.
  • Accelerate the translation of scientific discoveries into new diagnostic tools and treatments.
  • Enable risk-taking on bold new ideas.

Eleven scientists supported by the Foundation have received the Nobel Prize. To date, the Foundation has invested over $200 million and funded more than 3,000 scientists.

This year, it will invest approximately $9 million in the most outstanding young investigators in the nation.

100% of all donations to the Foundation are used to support scientific research. Its administrative and fundraising costs are paid from its Broadway Tickets Service and endowment.

For more information visit www.damonrunyon.org


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SOURCE Damon Runyon Cancer Research Foundation
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