Patrick says http://fastgrants.org has received a lot of good applications. It will be interesting to see if making decisions in 48 hours based on a 30-minute application yields worse research than the current excruciating grant application process. I bet it doesn't.
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I’m told that 10% limit on institutional overhead is serious problem for many researchers and prevents them applying
Judging from what Patrick says about the researchers who have applied, there are more than enough who don't have a problem with it.
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Maybe because they or their institution hasn’t realized it’s a problem yet. Issue apparently is some sort of interaction with NIH rules - sounds to me like some sort of most favored nation type clause is the issue
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I’m not an academic myself, so just speaking about our experience dealing with a potential academic partner who couldn’t easily apply because of this
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This isn't a great argument. That logic could be applied to all currently oversubscribed grants. Thanks for your work.
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Issue is that it's not up to the PI or even the Institution - I believe has to do with their negotiated indirect rate with NIH.
End of conversation
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Good luck trying to get an institution to waive a major complex rule in a few hours.
End of conversation
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