Parameters
Words requested by funder
20000
Applications funded (%)
15%
2nd Stage Selection Rate (%)
30%
Scientists' Hourly Rate (£)
Total Funding Applications
Writing Speed
£0
Total Wasted Cost
0
Hours Wasted
15%
Success Rate
Cost Breakdown and Comparison with 2-Stage System
Comparing single-stage vs. two-stage review processes
Potential Cost Savings
With 2-stage system (1000 words first stage, 50% proceeding):
£0 Cost ReductionPotential Time Savings
Reduced application writing burden:
0h Hours SavedImportant Notes
Limitations: This analysis does not include costs related to peer reviewer time, panel evaluation, or university administrative overhead in preparing funding applications. The actual total cost of the funding system is likely higher.
This is a prototype version. Feedback is very welcome to help improve the accuracy and usefulness of this tool.
View the source code and contribute on GitHub.