Attracting the right talent is imperative for all organizations focused on innovation, and today, the competition for that talent is global. NBIF provides funding for hiring outstanding professors and researchers and investing in some of the resources they will need to succeed.
Funding for new professors is awarded up to $200,000. Up to 50% of the award can be allocated to the candidate’s first-year salary. Matching funds can include existing funding attached to the candidate, paid release time, in-kind contributions, and contributions from other funding sources. Funding is disbursed to the applicant organization only after the candidate has accepted a tenure-track employment offer, and must be utilized within one year of the date of the transaction.