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NSF GRFP: Current Research as Proposal?


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I'm going to soon start year 2 of my graduate program, and have one final opportunity to apply for the NSF fellowship.


So, I'm wondering: can the research proposal be current research (with partial results)?


I've developed a novel computational algorithm to be used in statistics that is completely parallelizable, but don't yet have a proof of convergence. I'd like to use this algorithm as my research proposal, and include a description of numerical results that I've obtained on large data sets. The algorithm works as far as I can tell: it finds the correct answer for simulated data, and finds the same answer as other techniques on real-world data. The idea is new, and entirely my own (i.e. not a project from my advisor). Is this appropriate - or should the NSF proposal be an area of research that is novel and that no-one has yet worked on?

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