Government Agency

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National Institute of Neurological Disorders and Stroke

National Institute of Neurological Disorders and Stroke (NINDS) focuses on reducing the burden of neurological disease. It provides grants to public and...

National Institute of Neurological Disorders and Stroke

National Institute of Neurological Disorders and Stroke (NINDS) focuses on reducing the burden of neurological disease. It provides grants to public and private institutions and individuals in fields related to its areas of interest, including research projects and contracts. NINDS has made 46 investments, including a grant to SylamoreBio on October 27, 2025, and has 4 portfolio exits, including EpiVax on April 02, 2026.

General information

Firm type

Government Agency

Year founded

1950

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Bethesda

Corporate office

Bethesda, MD, United States

Principals

Walter J. Koroshetz

Director

Sector focus

Healthcare ServicesBiotechnology

Frequently asked questions

Who runs investment decisions at NINDS?

Walter J. Koroshetz, Director of NINDS since 2015, oversees the institute's scientific priorities and budget allocation, while the National Advisory Neurological Disorders and Stroke Council — a panel of scientists, clinicians, and public members — reviews and approves grant funding based on peer-review scores (per NINDS organizational chart, 2023).

Does NINDS make equity investments or only grants?

NINDS exclusively issues grants and cooperative agreements — it does not take equity, royalties, or ownership stakes in commercial entities. Its funding mechanism is purely philanthropic, with no return requirement, although patent rights from funded research may revert to institutions under the Bayh-Dole Act.

How does NINDS source research ideas to fund?

NINDS awards grants primarily on investigator-initiated proposals, meaning researchers from universities and medical centers submit ideas through the NIH grant system. The institute also funds targeted initiatives through Requests for Applications in areas like stroke recovery or gene therapy for neurological disorders (per NINDS funding strategy, 2024).

What investment stages does NINDS typically target?

NINDS funds basic science, translational research, and clinical trials — from discovery through Phase 3 studies. It does not fund late-stage drug development or manufacturing, which is left to industry and venture capital. The institute also supports early-stage small businesses through its SBIR and STTR programs.

Which sectors does NINDS explicitly avoid?

NINDS avoids funding non-neurologic conditions — it focuses exclusively on the brain, spinal cord, peripheral nerves, and neuromuscular disorders. It also does not fund laboratory equipment construction, medical care, or drug marketing, and will not fund for-profit drug production or sales operations.

How is NINDS related to other NIH institutes?

NINDS operates as a separate institute within the NIH, coordinating with the National Institute of Mental Health, National Eye Institute, and National Institute on Aging on shared neurologic and psychiatric research. It also participates in cross-NIH initiatives like the BRAIN Initiative and the NIH HEAL Initiative (per NINDS partnership page, 2024).

Where does NINDS funding come from?

NINDS receives its entire budget from congressional appropriations — not private donations, endowment, or investment returns. For fiscal year 2025, the U.S. government allocated approximately $2.5B, making NINDS one of the largest single public-funding sources for neurological research globally (per NIH Office of Budget, 2025).

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