Only a handful of elite US universities have seen their federal funding targeted so far, but the ripple effects are already devastating research nationwide. As the Trump administration threatens billions in funding cuts to institutions like Harvard, Columbia and Princeton, universities everywhere are grappling with the uncertainty of being next. Projects ranging from cutting-edge medical research to crucial advancements in technology now hang in the balance, stalled by fears that any campus could suddenly find its grants cancelled. The threat alone is enough to undermine US innovation, crippling research development with potentially devastating long-term consequences.
Today, we’re exploring 3 unconventional alternative funding sources you can tap into to keep your research moving forward, even as thousands of federal grants are grinding to a halt.
Moving beyond the obvious alternatives of state-level grants, private foundations, corporate funding and venture capital, which most of you are already familiar with, the first hidden gem is impact investment funds.
Beyond traditional venture capital, a rapidly growing segment of investors explicitly targets projects that promise both financial returns and measurable social or environmental impact. Impact investment funds like Acumen, Omidyar Network, and Blue Haven Initiative prioritize sustainability, health innovations, and social enterprises. These funds are particularly valuable because impact investors often bring more patient capital, prioritizing long-term results over immediate profit, making them a better fit for research and development efforts with longer timelines or significant social goals.
The next unconventional alternative is crowdfunding science platforms. Crowdfunding through platforms like Experiment.com has transformed project financing, allowing researchers to directly engage with communities, test market interest, and quickly raise funds. My advice here would be to make sure you leverage storytelling, visuals, and regular updates to make your crowdfunding campaign personal, engaging, and transparent.
The last hidden gem and my personal favourite is participating in Horizon Europe projects. Horizon Europe is the European Union’s largest-ever research and innovation program, with nearly 100 billion euros in funding available through 2027. Despite being based in the European Union, Horizon Europe explicitly encourages international cooperation, welcoming partners from around the globe, especially the US, given its position as world leader in research excellence.