The Hayes Investment Fund stimulates inter-university cooperation and the building of partnerships among university research programs and Ohio industry to create centers of research excellence. Grants are awarded only to qualifying inter-institutional research consortia. All other awards are made in the form of interest-free loans. Awardees are selected through peer-reviewed, statewide competitions. The most recent Investment Fund competition was completed in May 2000.
Future competitions are contingent upon appropriations.
Awards Report 1999 Supplemental Competition Awards Report Announcement of RFP for 1999 Hayes Investment Fund Program Research Challenge Research Challenge is a performance-based program in that the funds are allocated among universities on the basis of their success in generating external research support in the previous biennium. Institutional allocations are made annually by the Board of Regents. All institutions are required to submit biennial plans for the expenditure of funds, prior to the allocation of such funds. The plans are reviewed jointly by the Research Officers Council and the Regents' staff. The research officers are also responsible for submitting the required biennial reports to the Board.