What is the difference between Fellowships and Grants?
A vital component that allows academics, researchers, and institutions to continue their work in the ever-changing world of academia and research in finance. Two popular funding types essential to promoting innovation and knowledge advancement are grants and fellowships. Despite the fact that these terms are frequently used synonymously, they refer to different funding systems, each with unique traits, goals, and consequences. This blog seeks to explore the subtle distinctions between fellowships and grants, highlighting their special qualities and assisting future researchers in navigating the murky waters of research finance.