Securing funding from a corporate partner bears some similarities and some striking differences from the traditional grants.gov procedure. While some corporate partners have developed formalized submission mechanisms, often in an electronic format, to receive research project summaries and announce selected awardees, these processes are often less structured that those utilized for federal grant awards. Due to the variability in the funder, the terms of the "award" can vary significantly as well. In many cases, the corporate partner may provide guidelines regarding the award program, which can inform the University of important details such as non-negotiable terms of the awards, maximum limits on F&A rates (also known as indirect cost rates), right to resulting data and intellectual property, etc.
For corporate funding, opportunities are often identified through professional contacts as well as in response to published solicitations.