What’s In It for Us?

$10 billion will be used to support research projects under the National Institutes of Health over two years, with approximately $1 billion earmarked for cancer research. $7.4 billion will be spent on R01 by the NIH before September 30th, 2010. In the mean time, NSF gets $3 billion for the same period of time.

What do these numbers mean? They would translate into approximately 14,000 RO1 grants at the NIH and nearly double the funding percentage at the NSF. If your lab has grant application(s) that is being hung up on uncertainty, now you have some certainty that they should be funded. If you have been having trouble gathering inner strength to go through the grant writing process, maybe it is time to feel good and potentially rewarding about coming back to the writing table.

Good luck!

P.S. Come back to check Allele Biotech’s new iPS product line, and blogs on induced stem cell research.

Tags: biology department jobs, grants, NIH NSF budget, research dollars, research market