Research support program

This program is not renewed for the 2014-2015 year. However, the multi-year commitments that IFM2 has already made ​​under previous competitions will be respected according to the established conditions.

Young researchers and senior researchers

The Institut de Finance Mathématique de Montréal provides financial assistance for researchers through two programs: “Assistance for Researchers” and “Assistance for Young Researchers”. Researchers can apply individually or in teams. Research assistance is limited to a maximum of $20,000 per project, per year, for a maximum of three years (two renewals).

IFM2 reserves the right to change, without notice, the rules of its programs. The availability of the funds for its programs is conditional to the renewal of government’s budget allocation.


To be eligible for financial support, the candidate must

  • Hold a doctorate in a discipline relevant to the Institute’s mission

  • Be affiliated with one of the Institute’s member institutions.

To be considered for the “Assistance for Young Researchers” program, the candidate must have obtained a doctorate within less than five years from the date the funds are granted.

A researcher can only submit one project, individually or in team, in a given competition. At any given time, a researcher cannot be involved in more than one project funded by the Institute, and therefore cannot apply for funding if (s)he has already one funded project for the next academic year.

Members of the Research Committee are allowed to submit projects to the competition. However, they will have to excuse themselves from the selection committee for that competition.

Required documents

Prospective applicants must include the following documents in their proposal and send them by email as a pdf file to :

1) A cover page  in the required format

2) A letter from the research director of the candidate’s institution indicating that said institution supports the application and will take responsibility for its administration.

3) A detailed description of the research project. Excluding the bibliography, this document should be maximum four pages in length (12 pt. font, single spacing, 2.5 cm margins). This description should contain the following: 

  • Research question 

  • Objectives of the project

  • Methodology

  • Timetable 

  • If applicable, motives for forming a team and role of each team member 

  • Relevance of the research project to the Institute's mission

4) A budget and a justification of budget items (1 page). Please consult the list of allowable expenses

5) A cv, according to the following format, for each candidate (12 pt. font, single spacing, 2.5 cm margins, each section should begin on a new page):

  • General information (1 page): name, affiliation, academic training, experience, honors 

  • Research grants (1 page): grants obtained or in progress in the last six calendar years: project, amount, organization, principal investigator, dates. For team grants, indicate the candidate's role and the name of the other participants 

  • Student supervision (1 page): students supervised in the last six calendar years: name of the student, degree, title of the project, dates, name of the co-supervisor if applicable 

  • Publications in the last six calendar years (no space limit) 

  • Other activities and contributions (1 page).

6) Researchers who obtained IFM2 support in the past should also include a brief summary of the research outcomes of these grants (1 page).

Proposals not respecting the required format will not be considered

Decision criteria

The decision to grant assistance is made by the Institute’s Executive Committee based on the recommendation of the Research Committee, subject to the availability of funds, and is based on the following criteria:

  • The quality of the candidate’s cv. To judge the quality of the candidate’s publications, the research committee will base itself on generally accepted ranking criteria such as the ones used in the JCR
  • Relevance of the research topic to the Institute’s mission
  • Quality, clarity and innovation of the research proposal
  • Knowledge transfer, including student training. 

The Research Committee will use the following weights to help guide its recommendations.

For candiates in the “Assistance for Researchers” program:

  • 50% for the quality of the candidate's c.v.

  • 40% for the relevance and quality of the research project

  • 10% for knowledge transfer.

For candidates in the “Assistance for young researchers” program:

  • 40% for the quality of the candidate's c.v. 

  • 50% for the relevance and quality of the research project

  • 10% for knowledge transfer.

For team applications: 

  • 50% for the quality of the team member's c.v.
  • 40% for the relevance and quality of the research project
  • 10% for knowledge transfer.

Responsibilities of the successful applicants

Candidates benefiting from the Institute’s financial assistance must acknowledge the Institute’s contribution in their research publications. 

The decision to renew financial assistance is made once a year. The candidate must submit, by June 30 of each year for which they have received assistance, an activity report for the preceding year, a description of research accomplished (including working papers and published articles), and a financial report on expenditures that has been approved by their university’s research department. 

Reallocation amounting to more than 20% of a budget item will not be accepted unless previously approved by the Institute. 

Funds obtained through the “Assistance for Researchers” and “Assistance for Young Researchers” programs cannot be used to fund professors’ salaries or salary supplements.

Funds obtained through the “Assistance for Researchers” and “Assistance for Young Researchers” programs cannot be used to support students through scholarships. 

At the end of the grant period, any unused funds must be reimbursed to the Institute.