The Funding Process
Jim Valvano’s dream and our mission of finding a cure for cancer can best be accomplished through funding essential cancer research. For the past 17 years, research projects have been conducted by some of the brightest scientists in the laboratory conducting basic cancer research. The recipients of these two-year, $200,000 grants are designated V Scholars. Our funding process provides the essential funds to the facility, earmarked for the individual doctor, allowing the V Scholar to decide how best to use these funds in his or her research project.
The V Foundation’s Scientific Advisory Board, which annually participates in the selection of grants, created this funding process. Each year, the Foundation invites the 60+ NCI (National Cancer Institute)-designated cancer facilities to nominate the researchers for funding consideration. Additionally, prominent cancer centers across the country are invited to apply for funding. The Scientific Advisory Board reviews proposals and makes all funding recommendations. Each funded researcher is required to provide The V Foundation with a project status report by December 31st of the first year. The Foundation also receives copies of any publications highlighting the work of V Scholar and Translational Grant recipients. Our organization strives to meet with our scientists annually to better understand the challenges and progress occurring in this field.
In our efforts to further support the work to find cures for cancer, we have created additional funding opportunities. Our Designated Grant Program allows gifts of any amount to be donated to cancer facilities throughout the country. The flexibility of this program allows businesses, individuals and events to choose particular facilities and types of research to fund.
In 2000, The V Foundation also created a translational grant program that includes aspects of both Translational and clinical research. Translational Research is the process of translating basic scientific discoveries into clinical applications such as new diagnostics and treatments. Translational research serves as a bridge between the lab bench discoveries and the patient bedside. Information collected at the patient bedside can circle back to the laboratory to fuel additional discoveries. These grants are $600,000, three-year commitments.
It is our hope that these funding initiatives will bring us – step by step -closer to discovering the causes and developing the cures for the more than 100 diseases that are cancer.
The V Foundation Research Grants
The V Foundation for Cancer Research currently awards the following three types of grants:
The V Scholar Program- Designed to identify, retain and further the careers of talented young investigators. Provides funds directly to young scientists who are developing their own independent laboratory research projects. These grants enable talented young scientists to establish their laboratories and gain a competitive edge necessary to earn additional funding from other sources. The V Scholars determine how to best use the funds in their research projects. The grants are $200,000, two-year commitments.
The V Foundation Grants in Translational Clinical Research – Facilitate the transition of projects from the laboratory to the clinic. Translational researchers seek to apply basic knowledge of cancer and bring the benefits of the new basic-level understandings to patients more quickly and efficiently. These grants are $600,000, three-year commitments.
The Designated Grant Program – Funds projects in communities or regions local to the fund-raising area. Fund-raisers and donors work with the Foundation to identify a specific project, facility or awareness program. The new Partners in Excellence grants are the latest example of the designated grants.