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A new funding agency for science claims it will be tolerant of failure – but the signs are that it aims only to replicate existing venture capitalism, write ROX MIDDLETON, LIAM SHAW and JOEL HELLEWELL
CUTTING EDGE: Smart Tissue Autonomous Robot (STAR) which can perform laparoscopic surgery on the soft tissue of a pig without human help

LAST month the Advanced Research and Invention Agency (Aria) announced the appointment of a new CEO, in line with its intention to launch around the end of this year.

Aria is a new funding agency modelled on venture capital funding for high-risk “moonshot” research that will sit alongside, although independent of the umbrella British research funding agency UK Research and Innovation.

The new CEO, Ilan Gur, has a background in venture capital.  

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