Indiana University President Michael McRobbie will announce the inaugural Grand Challenges initiative winner Monday morning in Indianapolis. The winning proposal will receive part of a five-year, $300 million investment for tackling a major challenge on a local and global level.
The five finalists were announced in April. IU says the initiative will "draw strategically on IU’s strengths and resources and involve partnerships with industry, government and community organizations to create a tangible and lasting positive impact on both the state and the university."
The university received 21 preliminary proposals from teams involving more than 400 faculty on six of IU’s campuses before the final five were chosen. IU Vice President for Research Fred Cate told Inside INdiana Business in April that the money given to the winning proposal will be seen as a down payment for ongoing research.
The announcement is scheduled for 10:30 a.m. Monday. You can learn more about the Grand Challenges program by clicking here.