- All funds will be used for initiatives that support the UI Strategic Plan.
- $15 million in annual revenue will not be enough to support all the strategic needs of the university.
- P3 funds will be most valuable when used to leverage other support or to grow new sustainable efforts in support of the strategic plan.
- Sustainability of strategic activities beyond P3 support is essential.
- Proposals for multi-year non-recurring funds (up to 3 years) will be considered, balanced with proposals that could benefit from one-time or shorter-term support.
- The allocation process will be evaluated annually for the purpose of process improvement.
Values for Prioritizing Support
Priority will be given to projects that demonstrate the following criteria:
- Institutional-level high impact (i.e., a high return on investment) across more than one strategic priority area (student, faculty, and staff success; research and discovery; and diversity, equity, inclusion, and engagement);
- How project activities are outside of scope, or unable to be supported, through the current budget model; project activities should extend beyond core functions or operations related to the central missions of teaching, research, and service;
- The potential to leverage additional funds (i.e., grants, philanthropy, and/or other strategies) to ensure the continuation of project activities post funding-period; and
- Cross-campus collaborations, including interdisciplinary, cross-unit activities that build on existing strengths and/or areas of opportunity for growth and distinction.
Values for the Proposal Process
- The proposal process should be transparent by being inclusive and available campus-wide.
- Proposals should be developed in consultation with collegiate and/or central unit leadership.
- Public reporting should improve transparency both at the time of fund distribution and at renewal for multi-year initiatives.
- Campus-wide communication across/between units during the proposal review process is critical, including the involvement of the UI Center for Advancement and central service units.
- The process must be nimble enough to respond to urgent strategic opportunities.