The National Institutes of Health, more commonly referred to as NIH, is an agency operating under the United States Department of Health and Human Services that is primarily accountable for funding and supporting the nation's biomedical and health-related research studies.
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The grants and programs of the NIH are all designed to contribute to the agency's general mission which is to "seek fundamental knowledge about the nature and behavior of living systems and the application of that knowledge to enhance health, lengthen life, and reduce the burdens of illness and disability."
In line with this mission, the National Institutes of Health has partnered with the U.S. Food and Drug Administration (FDA) and the Center for Veterinary Medicine(CVM) in an effort to establish the Minor Use Minor Species Development of Drugs: Research Project Grant.
The grant project seeks to solicit applications and proposals from eligible institutions and organizations who are willing to design and develop brand new animal drugs that are solely exclusive for minor use in major species or minor species.
In the year 2004, the The Minor Use and Minor Species Animal Health Act was constituted and this law enabled veterinarians to have legal access to more medications that are effective in the management and treatment of disease conditions that are common in minor animal species and minor uses in major animal species.
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Minor Use Minor Species Development of Drugs: Research Project Grant
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Recently, the World Economic Forum (WEF) has introduced the Global Learning Exchange on Social Impact Investing (GLE), along with the Impact Investing Policy Collaborative (IIPC) and the support of the UK Cabinet Office.