Grants: These are funds given by government agencies or private foundations to support specific research projects.
Fellowships: These provide financial support to individual researchers, typically early-career scientists, to conduct their research.
Collaborative Research Funding: This type of funding supports joint projects between academic institutions, industry, and government labs.
Endowments: Permanent funds established by universities or research institutions to support ongoing research activities.
Identify Funding Opportunities: Researchers need to find suitable funding programs and calls for proposals that align with their research goals.
Prepare a Proposal: This involves writing a detailed research plan, including objectives, methodology, expected outcomes, and budget.
Submit the Application: Proposals are submitted through the funding agency's online portal or submission system.
Review Process: Proposals are evaluated by peer reviewers or funding agency panels based on scientific merit, feasibility, and impact.
Funding Decision: Successful proposals receive funding, and researchers must adhere to the reporting and compliance requirements.
Challenges in Securing Institutional Funding
Securing institutional funding can be challenging due to several factors: High Competition: Funding opportunities are often highly competitive, with many researchers vying for limited resources.
Stringent Requirements: Funding agencies may have strict eligibility criteria and requirements that must be met.
Proposal Quality: The quality and clarity of the research proposal are critical in convincing reviewers of the project's merit.
Future Trends in Institutional Funding
The landscape of institutional funding in catalysis is evolving with new trends emerging: