Absolutely. As a grad student about to graduate from a prestegious biomedical institution I'm looking at no new grants for the next (few?) years. The NIH is l

Absolutely. As a grad student about to graduate from a prestegious biomedical institution I'm looking at no new grants for the next (few?) years. The NIH is likely zeroing any new grants in order to maintain current grants. Guess what industry I cannot graduate into! The upside I guess is that I will likely attempt to create my own company instead. A far riskier proposition. But I'm on the far end of the spectrum - few of my peers are doing that though - they're finding jobs in other industries.