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I've been working in a lab for 2 years. I was going to do an honors research course in the same lab this Fall semester. But the PI said he did not get CIHR grant funded, so his major source of funding will disappear and he can't accept any more honors research students. He said he applied for another funding and the process will take 12-18 months. Since I've been in the lab for 2 years and there is a project I've been working on and is almost close to completion, I'd like to continue it by volunteering, if not by honors research course, to make it into a publication. But does lack of CIHR funding for honors projects adversely affect other projects in the lab which aren't being done as part of honors research course? How exactly does funding work? Are there different kinds of fundings for different types of students (grads, undergrads)? In other words, even if his CIHR funding ran out, will he have enough of the other fundings for projects of grad students in the lab? I don't know how this whole thing works.
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