painful decisions were made during the Competitive Earmarked
Research Grant (CERG) exercise in June to align RGC annual research
funding with Hong Kongs overall budget stringencies.
funding declined, however, the number of proposals meeting accepted
quality thresholds continued to increase, noted RGC Chairman, Prof
added: Its gratifying to see that a vibrant and robust
research culture has been developed in the higher education sector
in the past decade. Overseas experts who have helped review
the proposals have observed that many of the supported proposals
measure up to the highest international standards.
after rigorous peer review, the RGC committed HK$403.5 million in
funding. This was about 12.8 per cent down on the previous exercise,
and was largely in line with the reduction in the UGCs budget.
funding went to support 748 projects, 6.4 per cent fewer than last
year, and represented a 40 per cent success rate for applications.
Funding requests received by the RGC totalled 1,874 seeking HK$1.7
Young said: Its the RGCs policy to support as
many worthwhile projects as possible. However, given a reduced RGC
budget this year, the Council had to make some painful decisions
by cutting the size of the project grants as well as supporting
fewer projects than might otherwise have been supported.
added: Looking towards the next few years, the challenge for
the Council is to become even more vigilant in creating economies
and to make research dollars go even further. The Council has been
very impressed by the overall quality of research proposals submitted.
to HKUST: Members of the RGC visit The Hong Kong University
of Science and Technology in June