The US National Institutes of Health, already groaning under the weight of grant applications brought on by a $10.4-billion economic stimulus package, is likely to be inundated with a second tidal wave of applications this autumn that would send success rates plummeting, agency officials predict.
The flood of applications for Challenge Grants, a new category created by the stimulus funds, means that the success rate will probably be less than 1%.
The agency is already reviewing more than 40,000 investigator-initiated applications; in a typical June review round, that figure would be 16,000. The NIH normally uses around 8,000 reviewers; it is now up to about 30,000.
Full story from Nature News.