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Chances of obtaining a grant from the US National Institutes of Health (NIH) and National Science Foundation (NSF) are at an all-time low: currently, less than 10 percent of proposals for R01s—NIH’s bread-and-butter research grants—are funded. In theory, this should encourage universities and scientists to be more efficient and resourceful in their use of funds once they score a grant. Yet, paradoxically, the current system creates incentives for tremendous waste, and does not make use of the available money. Policy change is necessary to ensure that tighter budgets are utilized in a way that supports the best work of scientific and societal value.
How is the current system wasteful? Because grant money is tight, investigators are forced to apply for more grants to increase their ...