OVERVIEW: The Masimo Foundation mainly focuses its science research grants on improving patient safety and outcomes; however the foundation also awards grants for disease research.
IP TAKE: This funder does not award a larger number of grants each year; however, the awards it makes are often substantial.
PROFILE: Based in Irvine, California, the Masimo Foundation for Ethics, Innovation and Competition in Healthcare awards grants to “[e]ncourage and promote activities, programs, and research opportunities that improve patient safety and deliver advanced healthcare to people worldwide who may not otherwise have access to lifesaving technologies.” The foundation’s areas of grantmaking interest include ensuring fair and unbiased competition in the healthcare industry, elevating the importance of ethics in the delivery of healthcare and fostering innovation and discovery.
The foundation’s grants fostering innovation and discovery program awards research grants to organizations transforming the practice of medicine through innovations to better treat diseases, meet previously unmet needs, save lives, enhance the quality of care through technology, developing new medical protocols, and to improving patient safety. A past science research grantee is the Brett Tashman Foundation, which received funding to support desmoplastic small round cell tumor, a rare type of sarcoma.
Grant amounts range widely from $10,000 to $250,000. Most Masimo grants, however, fall in the $25,000 to $100,000 range. The foundation “[p]refers to make grants of $25,000 or more, though it makes considerations for smaller grants starting at $5,000.
The Masimo Foundation accepts unsolicited letters of inquiry throughout the year. The foundation recommends that LOIs do not exceed three pages in length.
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