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RESEARCH COSTS: Canada to Begin Funding Overhead on Projects.
Science (New York, N.Y.)
|September 5, 2007
Summary
The Canada Foundation for Innovation (CFI) received $268 million for research equipment. This funding addresses critical overhead costs for Canadian universities and research hospitals, supporting innovation.
Area of Science:
- Science policy
- Research funding
- Higher education infrastructure
Background:
- The Canada Foundation for Innovation (CFI) was established in 1997 with a $1.3 billion endowment.
- Historically, university and hospital research overhead costs were covered by provincial grants and federal transfer payments.
- There has been a long-standing need for direct federal support for research infrastructure overhead.
Purpose of the Study:
- To announce and detail a significant federal funding allocation for research equipment.
- To highlight the CFI's role in rejuvenating Canadian university and hospital research labs.
- To address the financial needs of research institutions regarding overhead costs.
Main Methods:
- Federal Finance Minister announced a $268 million outlay.
- Funding directed towards future equipment awards by the CFI.
- This represents a new model of direct federal funding for overhead costs.
Main Results:
- A $268 million federal investment in research equipment awards through the CFI.
- This is the first direct federal funding specifically for overhead costs.
- The funding is expected to meet a critical need identified by school administrators.
Conclusions:
- The federal government is increasing its support for research infrastructure.
- The CFI plays a crucial role in modernizing Canadian research facilities.
- This financial injection is vital for the sustainability and advancement of university and hospital-based research.
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