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http://www.hhmi.org/news/philanthropies-announce-new-program-su
Three of the nation’s largest philanthropies, the Howard Hughes Medical
Institute (HHMI), the Bill & Melinda Gates Foundation, and the Simons
Foundation are announcing a new partnership to provide much needed research
support to outstanding early-career scientists in the United States.
Through the new Faculty Scholars Program, the philanthropies will invest a
total of $148 million in research support over the program’s first five
years. They will award up to 70 grants every 2.5 years to promising
scientists who have great potential to make unique contributions to their
field. This is the first collaboration between HHMI, the Bill & Melinda
Gates Foundation, and the Simons Foundation.
Awardees will receive a five-year, non-renewable grant whose size will be
based on several factors, including the amount of external funding the
scientist has at the time of the grant. The grants will range from $100,000
to $400,000 per year for direct costs. The awardee’s institution will be
given an additional 20 percent of the yearly grant for indirect (or
administrative) costs. Faculty Scholars are required to devote at least 50
percent of their total effort to the direct conduct of research.
Three of the nation’s largest philanthropies, the Howard Hughes Medical
Institute (HHMI), the Bill & Melinda Gates Foundation, and the Simons
Foundation are announcing a new partnership to provide much needed research
support to outstanding early-career scientists in the United States.
Through the new Faculty Scholars Program, the philanthropies will invest a
total of $148 million in research support over the program’s first five
years. They will award up to 70 grants every 2.5 years to promising
scientists who have great potential to make unique contributions to their
field. This is the first collaboration between HHMI, the Bill & Melinda
Gates Foundation, and the Simons Foundation.
Awardees will receive a five-year, non-renewable grant whose size will be
based on several factors, including the amount of external funding the
scientist has at the time of the grant. The grants will range from $100,000
to $400,000 per year for direct costs. The awardee’s institution will be
given an additional 20 percent of the yearly grant for indirect (or
administrative) costs. Faculty Scholars are required to devote at least 50
percent of their total effort to the direct conduct of research.
