Funding is the foundation of the research and development lifecycle. It enables projects, programs, and initiatives to move from idea to impact by providing the financial resources needed for research, training, clinical work, and commercialization.
Identifying and securing funding requires understanding the types of support available, the eligibility criteria, sponsor expectations, and the tools for finding opportunities. Funding can come in many forms, including federal grants, foundation awards, gifts, or commercialization-focused programs.
What Happens During This Stage
During the Finding Funding stage, researchers may:
- Identify funding opportunities from federal agencies, foundations, industry, and internal programs
- Match research ideas to sponsor priorities and eligibility requirements
- Connect with program officers and institutional support offices
- Review timelines, submission cycles, and funding mechanisms
Finding Funding Opportunities
UMB provides multiple resources for locating funding. When evaluating opportunities, review eligibility, deadlines, funding limits, project scope, and reporting requirements.
Resource: FOA Review Worksheet