Research Grant
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Funding awarded to university researchers by government agencies, foundations, or industry to support specific research projects.
Research grants are competitive funding awards that enable university researchers to conduct specific research projects, covering personnel, equipment, materials, and travel costs. Major funding agencies include the NIH and NSF (US), ERC (Europe), JSPS (Japan), and NRF (South Korea). Grant applications undergo rigorous peer review, with success rates often below 20% at top agencies. A professor's ability to attract grant funding is a critical factor in tenure decisions, and total research funding is a key university ranking metric. Individual grants can range from $50,000 for small projects to $10 million+ for large collaborative research centers.
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