A grant is a sum of money awarded by a funding body to support research, projects, or initiatives. Unlike loans, grants do not need to be repaid, but they come with specific requirements, such as progress reporting and knowledge dissemination.
Why is it important choose the right grant
Selecting the right grant is crucial to ensuring your research receives adequate funding, aligns with funder priorities, and has the best chance of success. Applying for a grant that isn’t a good fit can waste time, reduce your chances of securing funding, and divert resources away from more suitable opportunities.
How to choose the right grant
Dr. Lee, an early-career researcher studying nutrition and chronic disease in Indigenous populations, wants to apply for funding. She identifies two options: The NHMRC Ideas Grant (focused on innovative health research) and a small community health grant for pilot projects.
After reviewing both grants, she finds that the NHMRC Ideas Grant is a better fit because it offers more funding, aligns with her research aims, and supports early-career researchers.
If you are an emerging Monash Health researcher planning a translational research project, and have not yet commenced a PhD, you are encouraged to apply for a Monash Health Emerging Researcher Fellowship.
Visit the GrantConnect portal to find current and forecast Australian Government grant opportunities. Below are links to major government funding schemes.
Most major Australian universities offer funding opportunities, including:
Tip: Are you affiliated with a university or research institution? You may have institutional access to Pivot-RP, an online grants portal.
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