External Research Funding: Decision, Risk, and Operations

External Research Funding Information Session Decision, Risk, and Operations Dimitra Koutsantoni Associate Director Sponsored Projects and Foundation Relations Office of the Dean and Office of External Relations & Development Elena M. Piercy Executive Director Corporate and Foundation Relations Office of External Relations & Development November 2012

Session Overview Which institutions most commonly sponsor business school research? Federal agencies Private foundations Corporations (including corporate foundations) Other independent organizations Which organizations have supported Columbia Business School research? What type of administrative support is available to faculty in this area? How can I find out about funding opportunities? What is the application process? Columbia Business School 2

Federal Agencies NSF (1) NSF Program Focus Sample grants funded at Columbia Business School (previous and current) Directorate for Engineering Supports fundamental research leading to the creation of innovative mathematical models, analysis, and algorithms for optimal or near - optimal decision-making, applicable to the design and operation of manufacturing, service, and other complex systems. Civil, Mechanical and Manufacturing Innovation (CMMI): Operations Research Ciamac Moallemi Optimization Based Methods for Systemic Risk Management ($229,782 granted over three years) Due dates: February and October, annually. Supports research on strategic decision making, design, planning, and operation of commercial, nonprofit, and institutional service enterprises with the goal of improving their overall effectiveness and cost reduction. The program has a particular focus on healthcare and other similar public service institutions Civil, Mechanical and Manufacturing Innovation (CMMI): Service Enterprise Systems Carri Chan Management of Transitional Care Units to Improve Hospital Outcomes ($150,000 granted over three years) Due dates: February and October, annually. Columbia Business School 3

Federal Agencies NSF (2) NSF Program Focus Sample grants funded at Columbia Business School (previous and current) Directorate for Computer and Information Science and Engineering Supports research and education projects that develop new knowledge in three core programs: Computing and Communication Foundations (CCF) Assaf Zeevi NetSE: Medium: Collaborative Research: Promoting Secondary Spectrum Markets via Profitability-Driven Methods and Algorithms The Algorithmic Foundations program The Communications and Information Foundations program The Software and Hardware Foundations program Proposers are invited to submit proposals in three project classes, which are defined as follows: ($389,036 granted over four years) Small Projects - up to $500,000 total budget with durations up to three years; Medium Projects - $500,001 to $1,200,000 total budget with durations up to four years; and Large Projects - $1,200,001 to $3,000,000 total budget with durations up to five years. Due dates: Small projects: December, annually Medium projects: September, annually Large projects: November, annually Columbia Business School 4

Federal Agencies NSF (3) NSF Program Focus Sample grants funded at Columbia Business School (previous and current) Directorate for Mathematical and Physical Sciences Supports mathematical research in areas of science where computation plays a central and essential role, emphasizing design, analysis, and implementation of numerical methods and algorithms, and symbolic methods. Division of Mathematical Sciences (DMS): Computational Mathematics Mark Broadie, Paul Glasserman, and Steven Kou Computational Methods in Risk Management and Financial Engineering ($564,331 granted over three years) Due date: December, annually. Columbia Business School 5

Federal Agencies NSF (4) NSF Program Focus Sample grants funded at Columbia Business School (previous and current) Supports junior faculty (assistant professors). Faculty Early Career Development (CAREER) Program Assaf Zeevi (SES) CAREER: Design and Analysis of Differentiated Services ($399,825 granted over five years) Duration: The typical duration is five years. Grant amount: $400,000 over five years Due date: July, annually. Emi Nakamura (Economics) CAREER: Integrating Micro and Macro Evidence on Price Dynamics ($457,976 granted over five years) Columbia Business School 6

Federal Agencies NSF (5) NSF Program Focus Sample grants funded at Columbia Business School (previous and current) Promotes university-industry partnerships by making project funds or fellowships/traineeships available to support an mix of industry-university linkages. None granted to date. Grant Opportunities for Academic Liaison with Industry (GOALI) Special interest is focused on affording the opportunity for: Faculty, postdoctoral fellows, and students to conduct research and gain experience in an industrial setting; Industrial scientists and engineers to bring industry's perspective and integrative skills to academe; and Interdisciplinary university-industry teams to conduct research projects. Due dates: Align with program area deadlines. Columbia Business School 7

Federal Agencies Army Offices (1) Office Relevant Program Areas Sample grants funded at Columbia Business School (previous and current) None granted to date. Office of Naval Research (ONR) Expeditionary Maneuver Warfare and Combating Terrorism Department (Code 30): Logistics Command, Control Communications, Computers, Intelligence, Surveillance, and Reconnaissance (C4ISR) (Code 31): Mathematics, Computers, and Information Research (including: mathematical optimization and operations research) Proposals may be submitted at any time. None granted to date. Army Research Office (ARO) Research Area 3: Mathematics Modeling of Complex Systems Probability and Statistics Statistical Analysis and Methods Stochastic Optimization and Modeling Proposals may be submitted at any time . Columbia Business School 8

Federal Agencies Army Offices (2) Office Relevant Program Areas Sample grants funded at Columbia Business School (previous and current) Grants for Research in Mathematics: Supports self-directed, unclassified research in the areas of Algebra, Number Theory, Discrete Mathematics, Probability, and Statistics. None granted to date. National Security Agency (NSA) The Research Grants program offers the following types of grants: Young Investigators Grant (up to $40,000 over two years) Standard Grant Senior Investigators Grant Conferences, Workshops and Special Situations ($10,000- $15,000) Due date: October 15, annually Columbia Business School 9

Federal Agencies Army Offices (3) Office Relevant Program Areas Sample grants funded at Columbia Business School (previous and current) None granted to date. Air Force Office of Scientific Research (AFOSR) Directorate of Mathematics, Information, and Life Sciences (RSL): responsible for research activities in mathematics, information and life sciences. Optimization and Discrete Mathematics The program goal is the development of mathematical methods for the optimization of large and complex models that will address future decision problems of interest to the Air Force. Areas of fundamental interest include resource allocation, planning, logistics, engineering design, and scheduling. Computational Mathematics This program seeks to develop innovative, mathematical methods and fast, reliable algorithms aimed at making radical advances in computational science. Proposals may be submitted at any time. Columbia Business School 10

Federal Agencies Department of Energy Office Relevant Program Areas Sample grants funded at Columbia Business School (previous and current) None granted to date. Department of Energy (DOE) Advanced Scientific Computing Research (ASCR) Applied Mathematics Computer Science Computational Partnerships Network Environment Research Proposals may be submitted at any time. Columbia Business School 11

Private Foundations Foundation Relevant Program Areas Sample grants funded at Columbia Business School (previous and current) Focused on improving both the health of everyone in America, and their health care by improving systems through which people receive care and by fostering environments that promote health and prevent disease and injury None granted to date. Robert Wood Johnson Foundation Pioneer: explores and promotes unconventional solutions to tough problems in health and health care RFPs are released periodically. None granted to date. The Commonwealth Fund Delivery System Innovation and Improvement Health System Quality and Efficiency The program s mission is to improve the quality and efficiency of health care in the United States, with special emphasis on fostering greater coordination and accountability among all those involved in the delivery of health care. LOIs can be submitted at any time. Columbia Business School 12

Corporations (including Corporate Foundations) (1) Corporation Program/Priority Area Sample grants funded at Columbia Business School (previous and current) IBM Faculty Awards A competitive worldwide program intended to: Foster collaboration between researchers at leading universities worldwide and those in IBM research, development, and services organizations; and Promote courseware and curriculum innovation to stimulate growth in disciplines and geographies that are strategic to IBM. Assaf Zeevi IBM Fellow in 2008 IBM Paul Glasserman IBM University Partnership Awards (1998, 1999, 2000) Awards are granted annually. Nominations for these awards must be initiated by someone within IBM. Current maximum award is $40,000 per year. Google Faculty Research Awards Support cutting-edge research in Computer Science, Engineering, and related fields. Assaf Zeevi Google research award (2009) One-year awards structured as unrestricted gifts to universities. Average award: $40,000-$70,000 Maximum award: $150,000 2013 deadlines: April 15 and October 15 Columbia Business School 13

Corporations (including Corporate Foundations) (2) Corporation Program/Priority Area Sample grants funded at Columbia Business School (previous and current) Microsoft None granted to date. Microsoft awards Microsoft Research Faculty Fellowship grants each year. Possible research areas include, but are not limited to: interdisciplinary research scientific computing, software engineering, and other areas where computing transforms the discipline and advances the state of the art. Awardees are selected by April, annually. Note: This is a limited submission opportunity. Only ONE nomination per institutions can be submitted Offers credit card processing and distribution services for Citigroup. The company additionally provides marketing, credit analysis, and portfolio management services. Trevor Harris, Stephan Meier, and Bob Phillips Improvement of targeting and profitability of credit card offers ($35,000) Citicorp Credit Services Audit Financial advisory Tax Consulting Paul Glasserman (in collaboration with Cambridge University, UK, and Nanyang Technological University, Singapore) "Systemic Shocks project ($55,174) Deloitte Columbia Business School 14

Corporations (including Corporate Foundations) (3) Corporation Program/Priority Area Sample grants funded at Columbia Business School (previous and current) Moody s Investors Services Moody's Credit Market Research Fund (CMRF) Topics of interest include: Credit risk and analysis Default risk asset valuation Capital and credit markets Market microstructure derivatives (especially credit derivatives) Regulatory practices Econometric and statistical methods for credit analytics Portfolio theory performance attribution Microfinance institution risk Paul Glasserman $42,000 Suresh Sundaresan $30,000 Maximum award: $25,000 (there are exceptions) Proposals can be submitted at any time. Goal is to promote learning about capital formation, financial markets ,and entrepreneurship through innovative educational programs. None granted to date. NASDAQ OMX Educational Foundation Supports grants and PhD dissertations. Due dates: February and August annually. Columbia Business School 15

Other Independent Organizations Organization Relevant Program Areas Sample grants funded at Columbia Business School (previous and current) Funds scientific research projects in the areas of network industries, including wired and wireless networks, virtual networks, electronic commerce, telecommunications, and the Internet. NET Institute (funded by Microsoft, Google, the Ewing Marion Kauffman Foundation, and the AT&T Foundation) Bar Ifrach (PhD Candidate) and Costis Maglaras Monopoly Pricing in the Presence of Social Learning ($3,000) Strong preference for young researchers. Maximum grant amount: $15,000 Due date: May, annually. Columbia Business School 16

Main Liaisons Primary liaisons to support CBS faculty applying for institutional grants: Dimitra Koutsantoni, PhD Dean s Office and Office of External Relations & Development Elena Piercy Office of External Relations & Development Columbia Business School 17

How we can support you We maintain access to a growing network of grantmaking organizations and individual (including thousands of alumni) supporters of the School. This includes an understanding of their historic relationships with the Business School and the broader University. We research and identify suitable funding prospects and support all stages of the application process. This includes: Developing of the application strategy including focus and request amount; Development and submission of letters of inquiry and proposals; Facilitation of meetings and conversations with prospective funders; and Administrative support to close, process, and steward gift and grant agreements. We engage alumni supporters with knowledge of funding agencies/grantmaking organizations, which may help raise the visibility of your proposal request. We are actively engaging nearly 200 corporate sponsors at a given time who are interested in partnering with Business School faculty on research and seeking meaningful connections with research and activities. We are constantly seeking fits for these inquiries and interest areas with the work of our faculty. Columbia Business School 18

Dissemination of funding opportunities We research funding opportunities and circulate them via: A monthly research newsletter developed and disseminated by Dimitra Koutsantoni. Targeted outreach to faculty about specific opportunities as they arise. We organize external funding information sessions every fall semester; and We conduct prospect research for specific projects upon request. Columbia Business School 19

Research grant application procedure Research grant applications are processed through Dimitra Koutsantoni, who also serves as the Business School liaison to the University s Sponsored Projects Administration (SPA). Dimitra, in coordination with SPA, ensures that all applications go through internal authorization procedures and comply with the University s and funders policies and guidelines. All applications to federal agencies and all full proposal grant submissions to private foundations and other organizations are required to go through the Dean s Office and SPA. Proposals for unrestricted gifts are not included in this mandatory process. Columbia Business School 20

For information: Grants vs Gifts Grants contract/research agreement specific statement of work detailed budget specific deliverables specified period of performance reporting unexpended funds must be returned to sponsor Gifts may be for specific purpose But no contractual requirements no specified period of performance no specified deliverables Columbia Business School 21

How we can work together: Next Steps Please let us know if: You have a research project that needs funding (new or existing). You would like to extend funding for a particular project. You would like to request a no-cost extension for a project. You need support with submitting progress or final reports for a grant. You have identified a particular sponsor and you are in the process of putting together a letter of inquiry or proposal. You have an existing relationship with a funder and you need support with developing it. We look forward to working with you. Columbia Business School 22

Contact Us Dimitra Koutsantoni Associate Director Sponsored Projects and Foundation Relations Office of the Dean and Office of External Relations and Development dk2617@columbia.edu Elena M. Piercy Executive Director Corporate and Foundation Relations Office of External Relations and Development emp2167@columbia.edu Columbia Business School 23