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The whole gamut of research, instructional and service activities can be enhanced by external funding. For the individual, external funding can minimally:
- Contribute to professional growth and recognition
- Satisfy intellectual curiosity
- Improve salary and promotion prospects
- Provide funding for graduate and undergraduate assistants
- Enhance the status of your department and university
- Provide equipment and facilities applicable to further projects
- Form a network of clients and colleagues outside the university
- Allow you to share the excitement of discovery with you students