VFDP-4: More Medicinal Chemistry (feat. Johannes Reynisson)

Context:

Prof. Johannes Reynisson, a leading expert in Medicinal Chemistry from Keele University, has been a dedicated supporter of the VITA-FAST project. His pro-bono contributions have been invaluable in advancing our project goals. However, with Keele University pushing for proper compensation for his commitment, we now have an opportunity to officially secure a fraction of his time for a negotiated price of £29,800.

Proposal Details:

Financial Agreement: Allocate £29,800 from the VITA-FAST treasury to compensate Keele University for 10% of Prof. Johannes Reynisson's time dedicated to our project over the stipulated time frame.

Value Proposition:

Prof. Reynisson's contribution surpasses merely monetary calculations. His expertise and dedication have added significant value to the VITA-FAST project. The negotiated price of £29,800, facilitated by Matt Abbott from Newcastle TTO, is 40% less than the initial ask of £50,000. On a financial comparative basis, Prof. Reynisson's engagement costs only 60% of professional medicinal chemists in the market.

Funding Source:

The funds will be appropriated from the existing VITA-FAST treasury. No external fundraising is required.

IP Rights:

VITA-FAST will retain all Intellectual Property rights stemming from Prof. Reynisson's contributions, ensuring long-term benefits for our project.

Consultation Framework: While Prof. Reynisson will be our primary expert in medicinal chemistry, we will maintain our strategy of consulting outside experts for unbiased second opinions. Recommendation:

Viktor, along with the core team involved in the project, unanimously recommends the community to approve this proposal. This decision is not just financially astute but also strategically beneficial for the continued success and growth of VITA-FAST.

If approved, payment will be sent to Keele University.

The partnership agreement will be formalized, ensuring all terms are adhered to.

Regular updates will be provided to the community on Prof. Reynisson's contributions and the progress of the project.

Agreement attached here.