The Research Committee is responsible for the management of UoWM research projects and the formulation of research policies. In this context, the Special Account for Research Funds (ELKE, in Greek) informs the University teaching and research staff about possible sources of funding, encourages submission of proposals for specific research projects and guides the University staff to funding procedures and raising research funds.

ELKE aims at allocating and managing funds from any source to cover expenses of any kind for research, education, training, development as well as lifelong training and scientific, technological and art projects, conducting specialised studies, tests, laboratory measurements and analyses. In addition, ELKE provides opinions, specification drafting on behalf of third parties, as well as other relevant services or activities that contribute to linking education and research with production and are performed or provided by the members of UoWM current scientific staff or with the cooperation of other experts under Public or Private Law.