Institutions have flexibility in deciding how to use their grant, provided that the funds are used for the payment of current expenditures of indirect costs attributed to federally sponsored research that falls within the following five categories:
- Research facilities;
- Research resources;
- Management and administration of an institution's research enterprise;
- Regulatory requirements and accreditation; and
- Intellectual property and Knowledge mobilization.
The amount of Laurentian University’s grant is calculated using an algorithm based on the amount of funding awarded in the previous fiscal year by federal granting agencies to Laurentian University and affiliated researchers. According to this calculation, in 2021-2022 Laurentian will receive a grant of $2,328,437 which will be allocated in the five categories as explained below.
| Expenditure Categories
|| Amounts ($)
||Overall % of Investment
| Intellectual Property & Knowledge Mobilization
| Management & Administration
| Regulatory Requirement and Accreditation
Laurentian invests funds in facilities to support and maintain laboratories and other research spaces across campus. These funds help ensure that researchers can rely on a research space where they can discover and innovate.
A significant portion of the grant is allocated to research resources to ensure that up to date, relevant materials are available to support research and training at the undergraduate, graduate, and faculty levels. Maintaining a library is at the very core of an institution as it is a repository of knowledge and an academic foundation for the research enterprise.
Management and administration funds support salaries and benefits of staff in the Office of Research Services and in the Financial Services Office. These teams are central services that facilitate and administer, pre- and post-award functions supporting research initiatives.
Regulatory requirements and accreditation funds support Animal Care Certification and Research Ethics staff to proactively meet compliance issues. These efforts help minimize risk to researchers and to the University, and help ensure that research funds are used only on projects that meet regulatory and other compliance guidelines.
Funds expended on the management of intellectual property allow for the successful execution of contracts and agreements when working with sponsored research and industry.