Will any changes be made to the application and funding process in light of how this project went? I can imagine that it would be valuable to plan a go/no-go decision for projects with medium to large uncertainty/downside risk, and perhaps add a question or two (e.g., ‘what information would you need to learn to make a go/no-go decision?’) if that does not bloat the application process too much. I think this could be very valuable to explore more risky funding opportunities. For example, a two-stage funding commitment can be made where the involved parties can pre-agree to a number of conditions that would decide the go/no-go decision, making follow-up funding much more efficient than going through a new complete funding round.
(@Meta Fund:)
Will any changes be made to the application and funding process in light of how this project went? I can imagine that it would be valuable to plan a go/no-go decision for projects with medium to large uncertainty/downside risk, and perhaps add a question or two (e.g., ‘what information would you need to learn to make a go/no-go decision?’) if that does not bloat the application process too much. I think this could be very valuable to explore more risky funding opportunities. For example, a two-stage funding commitment can be made where the involved parties can pre-agree to a number of conditions that would decide the go/no-go decision, making follow-up funding much more efficient than going through a new complete funding round.