New Strategies for Funding Academic Research
A SERIES ON INNOVATIONS IN FUNDING ACADEMIC RESEARCH Ed Mason, president of EMNR & Associates, is writing this series to assist academic leaders in finding creative strategies to merge public/private funding for existing and new research initiatives. Mason has studied an array of collaborative partnerships between the two offices most focused on external funding (the development office and research & grants), and he will be sharing some of the models he has observed, as well as directions for the future. We hope you will join us for this innovative series: Increasingly, universities are compelled to develop new fundraising models because of several prevailing trends: Additionally, federal programs are beginning to ask for matching funds from either state or private sector. Searching for Other Sources of Funding Hybrid models of funding academic research — leveraging relationships in both the public and private sector — are the current reality for universities. Hybrid approaches to funding have multiple models: Funding agencies are supportive of the hybrid approach because it leverages community resources more effectively, disseminates research, expands outreach programs and lowers administrative costs for grant audits. The hybrid approach utilizes federal, state, private foundation, corporation and donor sources of funding for programs. To what degree […]