Economic Growth Challenge / Innovation Incentive, as proposed by the Governor's Commission on Higher Education and the Economy, is a new line item involving reallocation of current higher education funding plus matching levels of performance funding to achieve a major restructuring and refocusing of Ohio's portfolio of doctoral research programs. It is the intent of this line item ultimately to build world-class research excellence and catalyze Ohio's economic growth in concert with the Third Frontier Project. The required reallocation of funds at the institutional level will, by definition, result in the downsizing, or complete elimination, of doctoral programs that are not performing at, or above, a level consistent with national norms. This report describes the anticipated significant positive outcomes to be achieved over a ten-year period; the primary objectives of this innovative incentive program; the competitive review process; expectation values for Innovation Incentive Program awards; and application procedure. Appended are: (A) Program Statement Guidelines; (B) Internal Doctoral Program Reallocations by Institution; and (C) Economic Growth Challenge Planning Committee.