, ▁suitable ▁for ▁administration ▁in ▁a ▁field ▁setting , ▁vi able ▁path way ▁to ▁regul atory ▁appro val , ▁and ▁reasonable ▁manufact uring ▁process ▁and ▁cost . ▁The ▁program ▁has ▁also ▁committed ▁up ▁to ▁$ 5 0 ▁million ▁( US D ) ▁in ▁grant ▁fund ing ▁for ▁prom ising ▁research ▁in ▁purs uit ▁of ▁a ▁ster il ant ▁that ▁meets ▁these ▁criteria . ▁To ▁date , ▁$ 1 5 . 5 ▁million ▁funds ▁have ▁been ▁committed ▁to ▁ 3 7 ▁projects . ▁ ▁The ▁prize ▁was ▁established ▁in ▁October ▁ 2 0 0 8 ▁by ▁the ▁Found ▁Anim als ▁Foundation , ▁a ▁ 5 0 1 ( c )( 3 ), ▁non - pro fit ▁organization ▁dedicated ▁to ▁reducing ▁the ▁number ▁of ▁animals ▁entering ▁sh el ters ▁each ▁year ▁and ▁increasing ▁the ▁positive ▁out comes ▁for ▁animals ▁already ▁in ▁the ▁shelter ▁system . ▁It ▁focus es ▁on ▁developing ▁cost - effect ive , ▁scal able , ▁and ▁sust ain able ▁animal ▁w elf are ▁business ▁models . ▁Fund ed ▁by ▁Dr . ▁Gary ▁K . ▁Michel son , ▁an ▁orth op edic ▁sur geon , ▁invent or ▁and ▁entrepr ene ur , ▁the ▁Michel son ▁Prize ▁and ▁Gr ants ▁Program ▁see ks ▁to ▁make ▁ster il ization ▁for ▁c ats ▁and ▁dogs ▁glob ally ▁accessible ▁and ▁afford able ▁world wide ▁through ▁a ▁high - volume , ▁low - pro fit ▁model . ▁ ▁See ▁also ▁▁ ▁List ▁of ▁bi ology ▁awards ▁ ▁References ▁ ▁External ▁links ▁ ▁Official ▁Found ▁Anim als ▁Web ▁Site