HEQEP

	Higher Education Quality Enhancement Project (HEQEP) A project of University Grants Commission of Bangladesh Ministry of Education, Bangladesh

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Academic Innovation Fund (AIF)

●	About AIF
●	How AIF Works
●	Objectives of AIF
●	AIF Coverage
●	Eligibility for AIF Grant
●	Eligible Entities for Submitting Proposals
●	Proposal Submitting Disciplines/Subjects
●	AIF Effectiveness Condition
●	AIF Investment Windows
●	Indicative Sub-projects
●	AIF Allocation
●	Indicative Eligible Expenditure
●	No n-Eligible Expenditure
●	Performance Indicators
●	Proposal Submission Procedure
●	Formats for Submission of Proposals
●	Institutional Arrangements for Proposal Evaluation/Selection
●	Proposal Selection/Evaluation Period
●	Duration of AIF Sub-Projects
●	Performance Contract
●	Financial Management
●	Monitoring and Evaluation
●	Environment Management Framework
●	Project Implementing Authorities/Committees
●	UGC AIF Secretariat (UGCAIFS)
●	Area Review Panel (ARP)
●	UGC Board for AIF (UGCBAIF)
●	Project Steering Committee (PSC)
●	Project Implementation Committee (PIC)

About AIF

The Higher Education Quality Enhancement Project (HEQEP) consists of four components. The most important component is Academic Innovation Fund (AIF), a fund designated to be awarded to participating public and private universities as non-refundable grant to promote innovative proposals for quality enhancement. The general objectives of AIF are to establish enabling conditions to improve the quality and relevance of teaching, learning and research and to introduce an efficient instrument for the allocation of public funds with emphasis on innovation and accountability. Its broad objectives are to produce advanced human capital in the form of highly skilled university graduates who would move the country towards higher productivity, economic growth and sustainable development. The total cost of the AIF component amounts to Tk 372.06 crore.