From the San Jose Mercury News:
Across the United States, they are called the lost generation of young scientists. They are the young Ph.D.s and M.D.s who, despite their brilliance and commitment, are unable to establish or adequately support their nascent medical research laboratories because of the federal government's denial of funds. Thwarted, many choose to abandon careers in medical science altogether. And every mind turning away from research represents untold lost opportunities for medical advances.
Fortunately for some of these young scientists, the frustration has ended. The California Institute for Regenerative Medicine (CIRM, the institute taxpayers established through Proposition 71) two weeks ago awarded $54 million to a select group of 22 young medical researchers based in California, enabling them to commit their full energies to stem cell research.