Funding efficiency can be enhanced through various strategies:
Rigorous Peer Review: Implementing a thorough peer review process to evaluate the scientific merit and potential impact of research proposals. Collaborative Efforts: Promoting collaborations between academia, industry, and government to pool resources and expertise. Prioritization: Focusing on high-impact areas such as drug delivery, energy storage, and environmental remediation. Monitoring and Evaluation: Continuously assessing funded projects to ensure they are meeting milestones and delivering expected results. Public-Private Partnerships: Leveraging private sector investment to complement public funding and share risks.
