Depending on the success of your research, you will surely yield a variety of benefits. Imagine being the talk of the scientific community for your new discovery. Also, students all over the globe will cite your name and work in their research papers and reports. There are also possibilities of TV interviews, guesting at international forums and conferences, and a chance of receiving the Oscars of the scientific world, the Nobel prize. However great these will be for your personal reputation and stature, there are more benefits involved when you get funding for your research and get to see it through till the end.
Personal
Let's start with the personal benefits you can potentially gain from finishing your research. Receiving grants for research is no joke since this means you bested other proposals that could change the world we live in. Statistics made by R&D managers in the US show that approximately 10% of the country's innovations could not have been made into reality if it weren't for R&D funding programs offered by agencies in the government, universities, and private domains. Imagine the importance of your work if you get to succeed.
First, it can get you instant fame; you'd be a rock star in the scientific community for a long while until the next hot shot comes along. You'd get published for your research and like what I've mentioned above, you'd get exposure.
Second, if you get to patent some of your findings or if by any chance you come up with a scientific product (such as medicines, machines, etc.), you can finally claim something as your own and get paid for every moment someone is uses your work.
Institutional
It would be great to know that your success will also help gain prominence for your financial granters. They will enjoy the spillovers of your success and be known as supporters of great curious scientific minds. This means their stock value will rise as they will get more exposure as well as grant proposals from more curious scientific minds.
Socio-Economic
However, the most important benefit I believe you can achieve in finishing your research is the socio-economic impact of your findings. Imagine your research findings or inventions being used to change the world for the better. It would be great to know your research is adapted to different regions and nations to bring some light into their lives. There is no greater reward for all your hard work than knowing your findings brought positive changes to the world.
Personal
Let's start with the personal benefits you can potentially gain from finishing your research. Receiving grants for research is no joke since this means you bested other proposals that could change the world we live in. Statistics made by R&D managers in the US show that approximately 10% of the country's innovations could not have been made into reality if it weren't for R&D funding programs offered by agencies in the government, universities, and private domains. Imagine the importance of your work if you get to succeed.
First, it can get you instant fame; you'd be a rock star in the scientific community for a long while until the next hot shot comes along. You'd get published for your research and like what I've mentioned above, you'd get exposure.
Second, if you get to patent some of your findings or if by any chance you come up with a scientific product (such as medicines, machines, etc.), you can finally claim something as your own and get paid for every moment someone is uses your work.
Institutional
It would be great to know that your success will also help gain prominence for your financial granters. They will enjoy the spillovers of your success and be known as supporters of great curious scientific minds. This means their stock value will rise as they will get more exposure as well as grant proposals from more curious scientific minds.
Socio-Economic
However, the most important benefit I believe you can achieve in finishing your research is the socio-economic impact of your findings. Imagine your research findings or inventions being used to change the world for the better. It would be great to know your research is adapted to different regions and nations to bring some light into their lives. There is no greater reward for all your hard work than knowing your findings brought positive changes to the world.