Challenge based funding is a solutions-focused approach to research funding that empowers researchers to find solutions to societal and economic problems.
The National Challenge Fund is an initiative under the Government’s National Recovery and Resilience Plan, funded by the EU’s Recovery and Resilience Facility and managed by Science Foundation Ireland.
Challenge based funding is a solution-focused approach to research funding that uses prizes, defined timelines, teamwork and competition to direct research activities at ambitious societal and economic problems.
Teams are inter- and trans-disciplinary – scientists, engineers and researchers from different domains working together with non-technical experts.