The Office of Research is pleased to announce a Request for Proposals for the 2014 Faculty Innovation Fund (FIF), designed to encourage new directions in research and scholarship. Proposals from junior faculty are encouraged, as are proposals from faculty at all ranks with innovative ideas for research or scholarly activity that are novel and have the potential for high impact.
One goal of this fund is to stimulate innovative research that will strengthen faculty members’ ability to compete for extramural funding. Pilot studies that can be leveraged into competitive grant applications will be particularly consistent with the goals of the FIF. Another goal of this initiative is to invest in research that creates new technology-based products and creates a pipeline of innovation that ultimately leads to the commercialization of university intellectual property. FIF awards are expected to accelerate scholarly breakthroughs by supporting investigators’ pursuit of ground-breaking studies that have great potential for leading to transformative results, and to the development and implementation of innovative technologies or products that can transition to the marketplace.
The FIF award period is 12 months from the date of official notification and authorization to expend, with the possibility of a one-year extension. The maximum award will be $40,000 and there may be up to 5 awards granted over a two-year period. There is no specific due date for proposals. Instead, proposals will be accepted on a rolling basis, and the Office of Research will continuously review submitted proposals until June 30, 2014, or upon commitment of all available funds, whichever occurs first.
Allowable expenditures are direct costs normally applied during the conduct of sponsored research, including salaries, consultant fees, equipment, domestic travel required for the conduct of research, supplies, and other direct costs. The following should be noted:
Full time tenured or tenure-track graduate faculty with strong academic records commensurate with rank are eligible to apply for a FIF award. Faculty members on professional leave are also eligible; however, funds cannot be used to augment professional leave salary. Applications for collaborative projects are permitted if all PIs fulfill the eligibility criteria.
All eligible faculty are invited to submit a letter of intent via e-mail to firstname.lastname@example.org AND email@example.com. The letter of intent consists of a completed cover page and, using no more than one additional page, should: 1) describe the proposed innovative research, 2) address the potential of the project to attract external funding, and 3) indicate the probability that the project will lead to the creation of a new technology-based product, and how it will lead to the commercialization of university intellectual property.
The Office of Research will review all letters of intent. Based on the merit of the proposal and its conformity with the spirit of the FIF, PIs of highly rated letters of intent may be invited to present their research and to submit a 3-4 page proposal, with a detailed budget.
Acceptance of a FIF award signifies the faculty member’s obligation to achieve at least two of the following outcome measures related to their funded project within 24 months of award inception:
Click here for a printable PDF version of these guidelines.