Michael Hecht, president of GNO Inc. and an early champion of the concept, wondered aloud at the second Medifund board meeting in September.
"And how do we distribute it, monitor its distribution, and measure what we've distributed?"
thinks $100 million is a pretty good number to shoot for to get the fund started.
says the board should create general criteria for a winning proposal, including a growing global market, existing local expertise, lack of significant competition, and high economic potential.
Under this approach, the grant seekers would have to demonstrate how their proposal fits into the matrix.
"We let the criteria drive the outcome, as opposed to the committee," Hecht
A national foundation might provide some of the grant money if it approves of whatever selection process the board comes up with.
But there's still a chance the Legislature might decide to actually fund its creation.
suggests looking at cigarette taxes, which in Louisiana are well below average.
An extra buck a pack could raise more than $300 million in a year, he
says; surely some of that new money could go to the Medifund?
says several prominent good-government groups are looking for possible solutions to the state budget's structural issues, which could be a point of discussion during next year's elections.