I had heard about the HHMI effort a few days ago, but it is also the responsibility of the government to invest in R&D, harnessing the full potential and training of young scientists.

when I spoke to several non-tenured recent assistant professors at Harvard, they all told me that their chance of getting this award is less than 1%, but they are going to give it a shot regardless, especially in lieu of the funding situation at NIH.

Overall, this will help, but it's hardly a panacea.