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This article discusses the funding of academic staff’s research in public universities in Uganda, with specific reference to challenges and opportunities. The specific objectives of the study were to: 1) investigate the sources of funding for academic staff research; 2) evaluate the extent of funding available; and 3) explore alternative sources of funding for academic staff research. The study revealed that research is grossly underfunded. There is little support from the industrial sector for research, and universities give little attention to research in their budgetary allocations. It is recommended that government injects more funds into the research function of its universities. It is also recommended that the universities consider third stream sources of funds with the view to increase allocations to research.
Keywords: Funding; Academic Research; Public Universities