He is using his $ 100,000 prize to study a novel approach to treating bacterial infections that he believes will short - circuit antibiotic resistance, and he expects that the communication skills the Skolar competition helped him develop will boost
his chances of additional funding in the future.
The prospect
of additional funding, combined with a new plan from management, offered Shop.ca not just a
chance to survive for a while longer, but a shot at turning an actual profit.
Since Living Goods» overall budget is increasing, it also aims to raise an
additional $ 3 million in reserves (about $ 2 million in 2015 and about $ 1 million in 2016).148 It expects to raise some
funds from partnership consulting fees and margins on goods sold to CHPs, leaving about $ 10 million per year that would need to be supported by donor
funding.149 In 2012 Living Goods raised $ 2.8 million, and in 2013 it raised $ 3.3 million from donors.150 Living Goods told us that it believes there is a decent
chance it will reach two - thirds
of its
funding target for the first year through agreements with
funders who have supported its work in the past, but the money has not yet been secured and the
funding need will grow each year.151 The Children's Investment
Fund Foundation (CIFF), one of Living Goods» major core funders historically, will be deciding in Q1 2015 whether to fund Living Goods» scale -
Fund Foundation (CIFF), one
of Living Goods» major core
funders historically, will be deciding in Q1 2015 whether to
fund Living Goods» scale -
fund Living Goods» scale - up.
Some said the
additional time meant a better
chance of compromise in North Carolina's annual tilting match between traditional schools and charter supporters, who claim that publicly -
funded charters are being short - changed by their traditional school counterparts.
• Continue to sell expanded pools
of defaulted mortgages headed for foreclosure through the Distressed Asset Stabilization Program (DASP), offering investors and borrowers the opportunity to avoid costly foreclosures — and even giving homeowners an
additional chance at staying in their homes — while reducing costs to the
Fund.