The New Adventures Fund funds 4 to 6+ seed grants each year at the level of $10,000-50,000 each. These grants are discretionary and can be used to support graduate students, postdoctoral scholars, equipment, workshop organization, etc. A call for applications is distributed at the beginning of the fall term each year and then the recipients are decided by the end of the fall term. Funding must be spent within two calendar years of being awarded.
The goal is for these funds to "grease the wheels" and enable faculty and emerging research groups to pursue exciting new projects in Information Science and Technology, broadly defined. The grants are available to any IST-related project and so are not restricted to faculty in CMS and EE. In fact, we encourage faculty to submit white papers for projects and emerging centers at the interface of the information sciences and other areas such as biology, chemistry, physics, astronomy, economics, etc.
The recipients of the Seed Grants are chosen by a committee of Caltech faculty.
