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Not so fast with fast funding.

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Fast funding offers quick grants but may harm scientific transparency and equity. Researchers should carefully consider the drawbacks before adopting this model widely.

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Area of Science:

  • Science funding policy
  • Research administration
  • Grantmaking processes

Background:

  • Growing dissatisfaction with traditional science funding models post-COVID-19 pandemic.
  • Concerns regarding bureaucracy, inefficiency, and stifled creativity in current grant systems.
  • Emergence of 'fast funding' as a proposed solution for rapid, unbureaucratic grant applications.

Purpose of the Study:

  • To evaluate the potential widespread adoption of fast funding as a standard for scientific grants.
  • To analyze the trade-offs between the perceived benefits and potential drawbacks of fast funding.
  • To provide a balanced perspective on the future of research funding mechanisms.

Main Methods:

  • Critical analysis of the 'Fast Grants' model and its implications.
  • Examination of potential impacts on transparency and equity in scientific funding.
  • Assessment of claims regarding increased creativity and efficiency in research.

Main Results:

  • Fast funding, while successful for pandemic response, poses risks to transparency and equity.
  • The purported benefits of enhanced creativity and efficiency are unlikely to be realized broadly.
  • Traditional funding mechanisms, despite imperfections, offer crucial safeguards.

Conclusions:

  • Widespread adoption of fast funding as a new standard for scientific grants is cautioned against.
  • The scientific community must carefully weigh the risks to equity and transparency.
  • Further consideration is needed to balance speed with the integrity of the research funding process.