Flagship Fund 2023
The 2023 Flagship Fund sought proposals in two categories:
- Investment funding for a single year to address a specific need or solve a particular problem
- Investment funding for one or more years for revenue-generating ideas that become self-sustaining
UM faculty and staff were invited to submit proposals in November 2022, January 2023, and February 2023. An advisory committee vetted the written proposals and met with proposers to help sharpen ideas. In April 2023, the committee sent prioritized recommendations to campus leadership.
Criteria for decision-making
Several factors were considered to prioritize investments, including:
- Financial return on investment
- It solves a problem or addresses an urgent need
- Mission fit
- Support of strategic priorities for action and and impact on UM's key performance indicators
- Enrollment impact
- Likelihood of success and campus readiness
- Demonstrated cooperation across sectors and impact on other proposals
- Potential efficiencies generated to empower UM employees
2023 Flagship Fund Call for Proposals