Research excellence initiatives: A new form of competitive research funding (Promoting Research Excellence: New Approaches to Funding)

Public research systems increasingly compete in an international market for talent and funds. At the same time, governments seek to promote efficiency and foster innovation. This chapter discusses "research excellence initiatives" (REIs) as a new type of public research funding instrument. It compares REI funding with institutional core funding and project funding and identifies the similarities and differences between these funding mechanisms. The chapter also presents a brief overview of current trends in government research funding. It discusses the scope of the project, which aimed to collect information on REIs in a systematic and comparable way. Finally, it draws together the main points emerging from the study, and provides an outlook on possible developments in terms of REIs as a funding instrument for research.
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