Research Funding

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RESEARCH FUNDING 4

ResearchFunding

Question1

Itis worth noting that funding of research has become a crucial area offocus to many governments and private institutions across the globe.This is due to the fact that through research discoveries are made,such as the recently discovered Ebola vaccine, which will go a longway in ensuring the achievement of international goals such as themillennium development (MDGs) goals among others. However, for mostbeginners, funding is a major issue as investors have little or noconfidence in their research work owing to their limited experiencein the field. This is despite the fact that through support andfunding novice researchers can be able to ensure a well-designedresearch work as their work is evaluated by other professionals inthe field, thus validating it.

AlthoughGrove et al. (2013) proposes several sources of funding, it isimportant to note that, for most government institutions such as themilitary treatment facility where the research is based, funding fromprivate firms is not readily accepted. This is owing to the premisethat most private firms investing in R&ampD in order to gainmaximally from the expected returns as reflected on their salesvolumes and net profits. However, the focus of many governmentinstitutions is to improve the general welfare of its population,thus the aspect of profiting from research is not a matter ofpriority (King et.al, 2012). Although the proposal requires moreinvestment in time and services of people, it is true that, fundingcan only come from other governmental institutions such as theNational Institute for Health (NIH) as it have the same interest with the military treatment center where I will be working from. Itis based on all these facts that personal funding will be hard forthe research proposal.

Question2

Iagree to the fact that getting funding for new researchers is a majorchallenge, and this is despite the existence of a range of supportmechanisms for funding such as loans, and grants among others. As aresult of these challenges, beginners are mostly forced to considerself-funding as the only viable option, as established institutionssuch as the National Institute of Health are not ready to risk theirfunds in projects whose viability remains questionable.While Isupport funding from the employer, such sources may significantlycompromise the results as the researcher tries to make it fit theneeds of the employer. Further, the researcher is confined to aparticular outcome, a factor which highly hinders innovation.Although the research being conducted may be small, it offers theyoung researcher an opportunity to explore, thus limiting them maylead to poor performances in future research work.

Iagree to the fact that there is the need for the researcher to have aclear view of the project at hand prior to commencement as thisaffects their credibility when seeking funding from establishedfirms. However, it is important for these firms to be aware that,their sustainability lies with the upcoming researchers. Therefore,it is their responsibility to establish special departments suchthose dealing with mentorship so that they can be able to guide theyoung researchers once they acquire funding from the firms. This isinstead of blaming the researchers when they fail to hit the expectedoutcomes. This will be a win-win situation, as the experience of theyoung researchers will be improved, while the firms gains maximallyfrom the funds offered to them both in the short and long-term.

References

GRANTfinderLtd (n.d). ABeginner’s Guide to Successfully Securing Grant Funding. Availableat

http://www.google.com/url?sa=t&amprct=j&ampq=&ampesrc=s&ampsource=web&ampcd=1&ampved=0ahUKEwiVq-ve3OXJAhVEtxQKHRbDDK0QFggfMAA&ampurl=http%3A%2F%2Fwww.grantnet.com%2FHelpfulReports%2Fsecuringfunding.pdf&ampusg=AFQjCNEqvciMjxZ_GF9HLreaXUPdgHppPA&ampsig2=w_8xqL6AXidtzACYFxLPqA

Grove,S. K., Burns, N., &amp Gray, J. R. (2013). The practice of nursingresearch: Appraisal, synthesis, and generation of evidence (7th ed.).St. Louis, MO: Elsevier Saunders

King,J., Toole, A., and Fuglie, K. (2012). TheComplementary Roles of the Public and Private Sectors in U.S.Agricultural Research and Development. ECONOMICBRIEF NUMBER 19 • September 2012

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