With its $8.2 billion from the stimulus package nearly in hand, the NIH says the money will mainly fund grant applications they have already received and will supplement existing grants. A smaller portion of the pie will go to funding new "challenge grants" that would award $500,000 a year for two years and be subject to stringent reporting requirements. According to Science Insider, acting director Raynard Kington says that "that NIH would be 'embarrassed' if institutions did not spend the money or boost their local economies."
A Little Bit for You, Some for You, and, Yes, You Too
Feb 20, 2009