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What are the funding opportunities for researchers in self-financing degree awarding sector?
- In January 2012, an additional injection
of $5 billion into the Research Endowment
Fund was approved. The investment income
from $3 billion of the injection will
fund the local self-financing degree sector
on a competitive basis to enhance the
academic and research development. The
Education Bureau invited the Research
Grants Council (RGC) to oversee the new
resources, including formulation of new
funding schemes and implementation and
monitoring of the schemes. The RGC has
formed a working group to take forward
the matter. The working group conducted
a series of visits and meetings with the
stakeholders to understand the research
needs of the sector. RGC has finalized
three new funding schemes, including the
Faculty
Development Scheme, Institutional
Development Scheme, and Inter-Institutional
Development Scheme which are launched
in December 2013.