Headed by philanthropist Christopher Foyle, FRIM supports innovative and controversial science in seven areas:
- Medical Therapeutics
- Aeronautical & Spcace Sciences
- Energy & Environment
- Archaeology & Ancient Civilizations
- Historical Events
- Life Sciences
While the institute accepts unsolicited proposals for funding, any proposal must be highly innovative and impactful. Their focus is on near term applications more than basic research, however they encourage proposals for ideas "outside your area of expertise" or simply "research you would like to see but can't do yourself".
"In order to reduce the amount of paperwork for researchers, the Foyle Research Institute of Monaco (FRIM) will be using a "Pre-Proposal" system, whereby researchers will be requested to submit a 1-3 page executive summary of the research they are proposing. Using such a system serves both the researchers and FRIM, in that researchers do not have to spend a great deal of effort developing a fully detailed proposal and risk it not being accepted for funding. And the Pre-Proposals will also enable FRIM to quickly determine if the proposal being made is one that FRIM would consider funding.
"If a Pre-Proposal is selected for further consideration for funding, then the proposer(s) will be requested to provide a full proposal in greater detail, and forms and/or guidelines for the more detailed proposal will be provided at that time." FRIM Proposal Guidlines