Sec. 305. Support for potentially transformative research
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The Director shall establish and periodically update grant solicitation, merit review, and funding policies and mechanisms designed to identify and provide support for high-risk, high-reward basic research proposals. Such policies and mechanisms may include— development of solicitations specifically for high-risk, high-reward basic research; establishment of review panels for the primary purpose of selecting high-risk, high-reward proposals; development of guidance to standard review panels to encourage the identification and consideration of high-risk, high-reward proposals; and support for workshops and other conferences with the primary purpose of identifying new opportunities for high-risk, high-reward basic research, especially at interdisciplinary interfaces.
For purposes of this section, the term high-risk, high-reward basic research means research driven by ideas that have the potential to radically change our understanding of an important existing scientific or engineering concept, or leading to the creation of a new paradigm or field of science or engineering, and that is characterized by its challenge to current understanding or its pathway to new frontiers.