Strategic Investment Fund
Call for Proposals FY 2023
The Office of the Provost invites the College Deans and the University Librarian to apply for funds to implement initiatives that accelerate the process toward achieving the increasing enrollment goal of the University’s Academic Reorganization.
Funding is available in two pools: One Time Dollar Requests, and Recurring Dollar Requests.
Requests for re-investment can be recurring, for a multiple-year term (e.g. 2 or 3 years), or one-time, depending on the type of re-investment requested and the ingenuity of the requester(s).
A list of eligible primary purposes for each pool is provided below. Variations on the primary purposes will be considered with the burden of proof for the variance resting with the requestor.
Funding is available for:
- Curriculum revitalization
- New Academic Program Development/Implementation
- Creation of a Teaching-Learning Lab
In FY 2023, $1.25 million will be available in the Strategic Investment Fund. Investments will be awarded based on the projected/perceived return on the investment (ROI: student enrollment growth) and on merit. Those requesting an investment will bear the burden of proof on the ROI and merit of the proposed request. Investments shall be co-investments requiring some funds from the proposing college(s). The terms and conditions of the proposed match shall be specified clearly in the proposal. The level of match proposed (both absolute and relative) will be a consideration of the merit of a request. Collaboration is encouraged, but not required.
Please submit your proposal via the Strategic Investment Fund online form, using the Word template provided. Proposals should address the questions below and be no longer than five pages in length (unless otherwise specified) plus a budget page with explanation.
The online form and Word proposal template should be completed with the following:
- Name and purpose of the strategic investment fund proposal.
- Describe whether the request is for one-time or recurring funding, and describe how the proposal will accelerates progress toward the goals of academic reorganization.
- How will you measure the effectiveness of the effort and what is the projected return on this investment?
- What is the timeline for the investment, including anticipated expenditures and assessment?
- What resources (both financial and non-financial) does the investment require? (Prepare a separate budget plan, to include the required co-investment funding component.)
- How much can be supported through internal reallocations or other resources within your college/division?
- What other units are involved/affected and has the project been reviewed by all affected units?
- What other funds are being requested in support of this proposal?
- Will the proposal generate increased student enrollment?
- Who is (are) the key person(s) responsible for the initiative?
- Priority: This is priority number ___ of ___ proposals for the college.
Submission and Review Process
Each college will develop an internal review process and deadline for developing and prioritizing proposals for the Fall semester. SIF proposals can be initiated by any department, school, or college.
Deans will submit college approved proposals in priority order to the Provost by March 1 via the online SIF form.
Deans will present SIF proposals as part of their Annual Budget Report presentation to the University Planning and Budget Committee (UPBC) in April.
The Provost and Vice Chancellor for Finance and Administration (VCFA) shall share and review the proposals with the UPBC for their advisory recommendations.
The Provost, in consultation with the VCFA, will share both the recommendations of the UPBC and the Provost and VCFA recommendations with the Chancellor.
The Chancellor will announce funded proposals to the campus prior to May 15.
Link to the Strategic Investment Fund online form: https://go.uis.edu/sif