Our Funding
Research Grants
A research grant is financial support for an individual, or group of individuals, conducting research in a particular subject area or field. The awardee has full responsibility for the conduct of the project. Payment is generally made to the grantee in advance of expenditures.
In general, there is/are:
- no direct or indirect reimbursement to the principal investigator
- deliverables required, to be outlined in the proposal and reported in an annual report
- no limitations on publication
- no specific transfer of results to the sponsor
Funding Streams
R&D funding is divided into two streams, Public Domain and Restricted Domain, depending upon the access to intellectual property generated by the research.
Public Domain R&D is typically undertaken to advance public knowledge in specific areas. Intellectual property can be owned by the researcher (subject to their corporate policy). In most cases, the final project report and data where appropriate are available to PRAC members.
Restricted Domain R&D is typically developed by companies or individuals to advance knowledge for commercial or competitive gain. They usually do not divulge all of the intellectual property to the general public however a restricted report may in some cases be made available to PRAC members.
PRAC will promote three types of projects to support these funding streams:
- Targeted Calls for Research Projects ("Calls")
- Transfer to Usability Projects (TTUs)
- Facilitated Joint Industry Projects (JIPs)
