Research grants refer to financial awards given by organizations or institutions to researchers for conducting research projects. These grants are usually provided to support specific research initiatives, and may be awarded based on merit, competitive selection processes, or a combination of both. The funds can be used to cover expenses such as salaries, equipment, supplies, travel, and other costs associated with the project. Research grants provide an important source of funding for academic institutions, researchers, and organizations conducting scientific research in various fields including healthcare, technology, social sciences, and more.