What is the fine-grained topic of the following text: Four finalists were awarded funds totaling $347,000 to facilitate the expansion and implementation of their cutting-edge projects through Waves of Innovation IV, an initiative launched five years ago by President Andrew K. Benton to inspire, engage, and motivate faculty, staff, and students to rethink Pepperdine and help shape its future. Only return the topic.
Funding allocation for project expansion through Waves of Innovation IV initiative at Pepperdine.