Sister site ScienceInsider (SI) is reporting a new scheme in Sweden that aims to provide generous funding to postdocs from around the world to help them move into faculty positions at Swedish universities. The SI post, written by Science Careers contributing editor Elisabeth Pain, says that Sweden plans to offer 25 awards each year for the next 5 years, worth about 7.5 million SEK each — that’s about €820,000 or $1.14 million — to be paid out over 5 years. That adds up to a total cost of about 937.5 million SEK, or $142 million. It’s a private program, funded by the non-profit Knut and Alice Wallenberg Foundation.
To put those figures in perspective, consider that the gross domestic product of the United States is about 35 times that of Sweden. A proportionate commitment to early-career researchers in the United States would fund 4200 awards altogether — 840 per year for 5 years — at more than a million dollars each, dwarfing the closest U.S. equivalent program, NIH’s Pathway to Independence. The “Pathway” program makes between 150 and 200 awards available each year to postdocs in the biomedical sciences.