Yale professor James Rothman, winner of the 2013 Nobel Prize in Medicine, to prospective biomedical researchers at a panel discussion about declining federal funds for science research in Washington, D.C. last year. http://yaledailynews.com/blog/2014/04/23/researchers-navigate-funding-tempest/ I'm currently in a lab that is getting rocked with funding cuts and has no hope in sight of securing any type of funding (PI has submitted 12+ grants, all rejected. Even the university rejected his bridge funding application). Today he sends out an email with a line basically saying "I'm not sure what is going to go on with my lab in the fall." What should I be doing now in the next two months to prepare for the worst? What are your university policies to deal with students in limbo? What if my PI gets fed up with the whole academia and funding scheme, decides to quit, and goes to work in industry? Not sure what I should be doing.