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Grant Research and Funding Strategies

March 07, 2020

In 2019, the NIH approved 20% of all grant applications. For researchers in the US, spending 50% of their time applying for grants is common. In 2019, researchers learned the federal government had budgeted 5.9% more for science funding. For universities and research institutions alike, grants are critical to their ability to innovate.
 
Grant Funding
Each year, the NIH invests $39.2 billion in medical research. This amount is distributed between approximately 50,000 grants disbursed to 2,500 universities, medical schools, and research institutions in every state and around the world. 
 
Research Topic Trends
 
Administrators of research institutions will often need to understand the larger trends of research topics in order to gauge the probability of obtaining funding for a specific research project. 
 
Using ResoluteAI’s analytics tool, trends about investments by specific institutions within the NIH can be easily observed. This allows researchers to anticipate the direction of research funding going forward. For researchers who are working in multi-disciplinary areas, just having a sense of where trends might be heading can allow researchers to frame their research in a way that might increase their likelihood of receiving grant funding.
 
Neurological Research
A deeper dive into research topic trends shows the different institutions that are currently receiving funding for a specific topic. In this example, ResoluteAI’s platform shows the research institutions and topic areas in the area of neurodegeneration, in which the National Institute of Neurological Disorders and Stroke has invested:
 
Research Institutions
Finally, with just one click on this graph, you can easily see the 8 grants from the University of Pennsylvania for Neuromuscular disorders:
 
Neurodegeneration
Other Funding Sources
 
The NIH is not the only source for government funding in the US; there are different funding sources for different types of research. For instance, the National Science Foundation typically invests in areas of science and engineering. The Small Business Innovation Research program is another great source of funding for researchers who are collaborating with small businesses in the area of technological innovation. 
 
The SBIR’s investments in artificial neural networks and computer vision research have been steadily increasing.
 
Artificial Neural Network
Historically, the US has invested more in research and development than any other countries, however, other countries are catching up. Horizon 2020 is an EU grant that will invest in projects related to innovation in scientific, industrial, and societal challenges. 
 
ResoluteAI’s illustrates which countries in the EU are currently receiving funding from Horizon 2020. It is easy to get granular, identifying which specific institutions and projects are currently funded by Horizon 2020.
 
EU Grant Funding
ResoluteAI’s platform allows researchers to understand the full landscape of research funding including hot topics, institutions, and global initiatives. This kind of in-depth research allows for better funding strategies, which keeps researchers making the most interesting and impactful discoveries.

ResoluteAI

ResoluteAI empowers researchers and innovators to create and develop ideas by making information retrieval seamless. Our artificial intelligence technology enables users to search both public and proprietary data by keyword and concept.