Faculty Proposal for Distribution of Research Funds at UB: UB Innovative Research Fund (UB-IRF) Michal K. Stachowiak, Ph.D. Rajendra Badgayian, M.D.

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Presentation transcript:

Faculty Proposal for Distribution of Research Funds at UB: UB Innovative Research Fund (UB-IRF) Michal K. Stachowiak, Ph.D. Rajendra Badgayian, M.D.

STATE OF AFFAIR: Given the continued decline of federal and non-federal grants (typically less than 5% awarded) a new strategy must be developed to effectively utilize internal resources and funding to get the maximal effect. While our faculty members have made in the past and will continue their outstanding efforts to bring the external funding, simple arithmetic shows that this will not be sufficient for the UB to excel as a leading research institution. Thus we believe that a new strategy is needed to assure continuity and further growth of the original and advanced research at UB.

SOLUTION: We propose to develop an UB Innovative Research Fund (UB- IRF) by chaneling currently available research funds and developing additional funds. This UB-IRF would offer grants distributed to the most innovative projects, which are at an early stage of development and hold a promise to grow into unique and fundable research projects. This can be achieved by allowing our faculty to compete for the UB-IRF intramural funding. The Deans could setup a number of an NSF-style ‘study sections’, which should include both external and internal reviewers. Only meritorious proposals should get the funding. This process may need to cap the limit for a single department to avoid overfunding a department at the cost of other departments. UB-IRF would create a healthy competition among departments for funding and research excellence. On the long run, the UB-IRF it would make our faculty more effective in obtaining the extramural funding.

ANTICIPATED ADVANTAGES: The UB-IRF should help us : to continue the most advanced and innovative research at our University, establish and maintain the leading role for UB as a national and international research institution, maintain and further develop the graduate education offered by UB.