Part III of CUMIRP is for Unrestricted Research Grants which allow for creative and unrestricted use of funds by the UMass Faculty. Resident Industrial CUMIRP Research Professorships, Internships and funding of Industrial Lectureships are also possible. CUMIRP Part III unrestricted grants carry a beneficial lower University overhead rate and offer significant flexibility. As with Part I and Part II, Sponsors electing Part III memberships are invited to CUMIRP and MRSEC functions and symposia.