Yesterday the National Institutes of Health issued a press release on the Challenge Grant program, which is designed to help spend some of the stimulus money awarded to the agency.  Approximately 20,000 applications were received (H/T The Scientist), which is equal to the number of applications the agency typically receives in a major review round.

How many grants will be rewarded?  According to the press release:

“NIH expects to devote at least $200 million in ARRA funding to Challenge Grants. In addition to the approximately 200 Challenge Grants that will be funded by the NIH Office of the Director, it is likely that more than 200 ARRA-related grants will be funded by NIH Institutes or Centers.”

So, 200 Challenge grants through the Office of the Director, and 200 or more stimulus related grants through other centers.  The acceptance rate is around 1-2 percent.  And this is after Senator Specter’s vote was purchased with a $6.5 billion boost to NIH funding.  It appears that the oversupply of biomedical research grants will keep acceptance rates low regardless of the money thrown at the situation.