Funding agencies allocate funds for scientific research mainly based on peer-review of research proposals.
In 2010, more than 15,000 researchers peer-reviewed more than 55,000 proposals. I think we can all agree that the current process is expensive and time-consuming. Now, the authors of a new article propose a new system that they believe will save us lots of time, money and trouble. The article is called “Collective allocation of science funding: from funding agencies to scientific agency,” by Johan Bollen (of the Twitter-predicts-stock market fame), David Crandall, Damion Junk, Ying Ding and Katy Börner.
Basically, the authors would like to give each scientist (they focus on the U.S., but I suppose the system would work in other countries) a certain amount of money for research, of which she or he will have to send a percentage to other scientists who do research they consider funding-worthy. Every researcher gets the same amount, no matter which institute she resides in, from the government. However, the sum she gets from other researchers will depend on her skills and performance as a researcher. The authors give the following example; suppose every senior researcher in the US gets 100,000$ each year and a certain researcher received, in addition, 200,000$ from other researchers. She’s obligated to give 50%, or 150,000$ to other researchers, and save the rest for her own research. It’ll save lots of time and money that are now spent on writing proposals and peer-reviewing.
The Latest Bing News on:
New funding system
- Over $400M in shelter funding, new limits approvedon April 26, 2024 at 1:09 pm
The House voted 117-36 and the Senate 29-9 to approve a supplemental budget steering $251 million more into the family shelter system and calling for new limits on how long families may stay in ...
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The bill also sets aside $150 million for six grant programs targeting specific transportation infrastructure needs, including $25 million for rural roads and bridges, according to a statement from ...
- CA funding to generate $15.5B in new investments, 2,100 new jobson April 26, 2024 at 11:04 am
Collectively, Paired and Moxion will make nearly $130 million in capital investments and create more than 540 new, full-time jobs across California.
- Mental health courts get funding booston April 26, 2024 at 8:22 am
New York’s mental health courts got an approximately $12 million boost in the state’s recently-passed budget, the governor and chief judge announced this week.
- Mass. lawmakers pass $251M shelter funding bill that imposes new limits on stayson April 25, 2024 at 12:38 pm
The House voted 117-36 and the Senate 29-9 to approve the compromise spending bill that was first announced Wednesday ...
- New Yorkers react to funding cuts for city's public library systemon April 24, 2024 at 8:55 pm
Mayor Eric Adams announced the city's executive budget for the next fiscal year on Wednesday, and cuts to the city's public library system remain in place. CBS New York's Lori Bordonaro explains how ...
- CPS’s selective and magnet schools appear to take a hit under new equity funding formulaon April 24, 2024 at 7:38 am
Local School Councils at several specialty elementary schools say they are facing budget cuts, a claim backed by a WBEZ/Chicago Sun-Times analysis.
- CPS’ selective, magnet schools appear to take hit under new equity funding formulaon April 24, 2024 at 3:35 am
Local School Councils at several specialty elementary schools say they are facing budget cuts — a claim backed up by a WBEZ/Sun-Times analysis.
- Are Democrats right that Republicans are to blame for low state funding for UW System?on April 24, 2024 at 3:11 am
Neubauer claimed Republicans have "failed to invest" in the state's campuses following reports that showed warning signs for the system's finances.
- Pennsylvania’s school funding is unconstitutional. A Swarthmore professor explains why the system is still difficult to change.on April 23, 2024 at 4:08 pm
As depicted by the creative solutions and struggles of the staff of the TV show Abbott Elementary each week, the entire country is now aware that Philadelphia’s public schools are underfunded. But ...
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Science funding
- Biden Announces $6.1 billion Deal For Microchip Manufacturingon April 26, 2024 at 4:08 am
President Joe Biden announced a preliminary agreement with semiconductor manufacturing company Micron. Biden said it will provide $6.1 billion in funding from the CHIPS and Science Act and $125 billion from Micron to build semiconductor manufacturing facilities in Idaho and New York.
- Watch: President Biden in Syracuse announces $6.1 billion in CHIPS and Science grants for Micronon April 25, 2024 at 2:14 pm
The president spoke Thursday at the Museum of Science and Technology in Syracuse to announce a package of grants totaling $6.1 billion for Micron to build a megafab complex in the Town of Clay.
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