Kongs major source of academic research funding, the Earmarked
Research Grant (ERG), has been approved at HK$505.9 million for
total, HK$405 million will be distributed through the annual Competitive
Earmarked Research Grant (CERG) exercise.
for CERG funding are made by Hong Kongs
eight UGC-funded institutions to the Research Grants Council (RGC).
the 2004-2005 exercise, competition for funding has been as keen
as for the previous year with a total of 1,873 applications received
requesting HK$1,720.2 million, about four times the amount of funding
largest number of proposals came from Engineering disciplines (689),
followed by Humanities, Social Sciences and Business Studies (484),
Biology & Medicine (470), and Physical Sciences (230).
other large categories of funding from the ERG are the Direct Allocation
of funds to institutions for their discretionary use, and Central
Allocation for collaborative research equipment and group research
2004-2005, Direct Allocation funding has been set at HK$65 million;
and Central Allocation funding at HK$20 million.