How to Get the Funding You Need for Scientific Research
Scientific research is the backbone of medical breakthroughs. However, financial support is crucial to success, as most groundbreaking discoveries require some form of research funding to begin.
Navigating and securing funding for scientific research can be a minefield in Australia, making it incredibly daunting. Fortunately, the rewards for mastering the process are great, as scientific innovators and researchers have access to several funding sources, from government grants to crowdfunding.
In this article, we explore how to get funding for scientific research, sharing practical tips and explaining how GoFundMe could help you realise your funding goals.
What is scientific research funding?
Scientific research funding is provided to researchers, institutions or projects conducting studies and experiments. Driving advancements in fields such as medicine, environmental science and technology, research funding is pivotal when funds are tight.
Funding can be used to cover essential costs including:
- Equipment and materials
- Personnel
- Facility maintenance
- Laboratory expenses
- Fieldwork
- Data collection and analysis
- Ethics and compliance processes
- Publication fees
Research funding can have a massive impact on society and the economy, leading to new discoveries, treatments and technologies.
In recent years, there has been a surge in investment in research funding, which highlights its critical role. However, this does mean that securing funding is now more competitive than ever.
Research funding sources in Australia
Australian researchers have access to various funding opportunities. Here are some of the key sources to consider when applying for funding.
Government grants
The Australian Government provides a lifeline to scientific research in the form of grants, especially if research has the potential to significantly benefit the public.
Substantial financial support could be available by applying through the following government funding sources:
- Australian Research Council (ARC): Offers a scientific research funding grant to support projects conducting high-quality research in Australia. This can include funding for personnel, equipment and research activities. All applications must be submitted through the Research Office in an eligible organisation (often a university in Australia).
- Medical Research Future Fund (MRFF): A $22 billion long-term investment supporting health and medical research in Australia that offers grants to transform health and medical research and innovation.
- National Health and Medical Research Council (NHMRC): Focuses on funding health and medical research, including clinical trials and public health studies. Relies on a transparent peer-review process to determine how funding is allocated.
- National Collaborative Research Infrastructure Strategy (NCRIS): Supports the investment of millions of dollars in research infrastructure across the whole country.
- Commonwealth Scientific and Industrial Research Organisation (CSIRO): Suitable for start-ups, small or medium-sized enterprises and researchers, this grant offers funding and collaborative opportunities for applied scientific research.
- State and territory government schemes: Many Australian states offer additional research funding to promote local innovation and development. For example, the Advance Queensland innovation initiative supports the state’s scientists, researchers, innovators and businesses with grants and programmes. Make sure you check out the local government website of your state or territory for more information.
Private sector funding
Industry collaborations and corporate sponsorships can provide funding for scientific research and innovation, often targeting specific industry needs or technological advancements. Companies are likely to invest in research projects that resonate with their business objectives.
Industry and academic collaborations are also a key component of private sector funding, where researchers are granted access to market-leading resources and expertise.
This type of funding can include:
- Industry-linked PhD programmes where research students are sponsored by businesses.
- Research and Development (R&D) grants for commercially viable projects.
- Consultancy and contract research opportunities where companies hire researchers for specific studies.
Non-profits and foundations
Some areas might get overlooked by government and private sector funders, especially for higher-risk research projects. However, some non-profit organisations and philanthropic foundations support scientific research. In Australia, this includes:
- The Australian Academy of Science provides research fellowships and travel grants.
- The Cancer Council and Heart Foundation fund medical research in their respective fields.
- The Gates Foundation and other international organisations may offer funding for projects with global significance.
University funding
As a student, one way of securing scientific research funding is via an Australian university. Internal grants and scholarships for research projects may include:
- Seed funding grants to support early-stage research.
- Postdoctoral fellowships for new researchers.
- PhD scholarships and stipends to assist students in pursuing research degrees.
- Research centres and institutes within universities that allocate funds for specific scientific areas.
Crowdfunding
Crowdfunding is an increasingly popular way for individuals to fund scientific research. Engaging directly with the general public, researchers can ask for financial support using reliable platforms such as GoFundMe.
By reaching a broad, global audience, people can raise funds for their project research by sharing their personal stories and ambitions. This is particularly invaluable if you’ve exhausted the other research funding options we’ve shared and been unsuccessful.
Not only does crowdfunding help you to raise funds effectively, but you’ll also benefit from the increased exposure your project receives.
Top tips for getting scientific research funding
So, now you know how to get funding for scientific research in Australia, it’s important to give your fundraising efforts the best chance of success.
Whether you’re applying for a government grant or starting a fundraiser on GoFundMe, here are some top tips to hit the ground running.
- Create a clearly defined proposal: A well-structured proposal with clear research objectives, questions, methodology and expected outcomes increases your chances of securing funding. When demonstrating the significance of your research, focus on addressing critical gaps in your field and explain how your project is different.
- Align with funding priorities: Consider each potential funder’s priorities and tailor your application accordingly.
- Collaborate with institutions: Partnering with universities, businesses or non-profits will enhance your proposal and improve the chances of successfully securing funding.
- Be honest and transparent: Clearly explain how the funds you raise will be used and what you hope to achieve.
- Follow guidelines and deadlines: Carefully read the funding criteria and ensure your application meets all requirements for each organisation.
Don’t give up: If you believe your scientific research could truly make a difference in the lives of Aussies and people all around the world, then make sure you’re persistent if unsuccessful at first. Always seek feedback and improve your proposal.
How to get funding for scientific research with GoFundMe
Perhaps the simplest, most straightforward method for securing research funds is using GoFundMe – especially if you’re struggling to secure grants. GoFundMe allows researchers to present their projects to the general public, reaching a massive global online audience in just a few clicks.
You’ll have access to GoFundMe’s expert fundraising tools, creating a compelling campaign page that uses engaging visual content and can be shared on social media. You’ll also be able to keep funders updated on your progress and show appreciation for their contributions.
Plus, we offer expert advice on how to ensure your fundraiser succeeds, such as:
By using GoFundMe, Australian researchers seeking scientific research funding can move one step closer to addressing global challenges and advancing knowledge in key areas.
Secure much-needed financial support today, so your research can make a lasting impact.