The Princeton Biomedical Engineering Society hosted an informational presentation on Feb. 22 with Elise Mochizuki, investment analyst at the Akemi Capital family office. She is the founder of the honor society Epsilon Alpha Mu and the nonprofit organization The Elise Foundation, which aims to make available new sources of funding for STEM research and pursuits on campus.
The honor society will provide Ivy League-affiliated researchers with funding and the opportunity to enter a new poster contest in which researchers will create exhibits to showcase their current projects. She was accompanied by Kenji Mochizuki, chairman of the board of directors of the honor society. The honor society plans to award current Ivy League students in science fields with monetary awards for research.
According to Kenji Mochizuki, grant applications take up close to 75 percent of researchers’ time; this wastes valuable time that could instead be spent doing research with no guarantee of a payoff.
In addition, Mochizuki noted that traditional sources of funding like the NIH are harder to access. He added, “[The NIH has] made it harder for faculty to even apply for grants [because] … you need to identify a specific genetic causality for a disease. [The NIH] are insisting, and preferring, grant applications to be linked to a single biomarker….