Christy Funsch23



 

Erc Starting Grant Agreement

Unlike a real grant, there is no need to report the costs of proof of concept grants. In addition, there will be no financial audit or audit when the project is implemented. Nevertheless, the project is required to meet certain quality conditions and provide the service described, otherwise the lump sum cannot be fully paid and the subsidy will be reduced accordingly. The ERC pre-financing at the beginning of the project. Pre-financing can be paid within 30 days of the measure`s effective date, within 30 days of the start of the action or up to 45 days before the start of the project. As with general H2020 subsidies Given the status of COVID-19, the maximum flexibility at the expected due dates for benefits, Milestones, scientific and financial reports, as well as for the implementation of the action whose performance has been compromised by containment measures (see FAQ on delays in reporting or benefits, to be added An ERC grant can cover up to 100% of the total cost of eligible direct research, plus a contribution of 25% of the total costs eligible for indirect costs. The agreement as a whole and its provisions are non-negotiable. Only elements important for financial and contractual management, such as reference periods and the amount of pre-financing, are negotiable to adapt to the specific administrative context of each project. As part of the 2019 work programme, the ERC is implementing a comprehensive approach to the ERC`s proof of concept-grants. This means that eur 150,000 will be allocated to each successful project. There is no need to formulate a budget proposal during the submission phase. Nevertheless, the costs of the project must be described narratively in the proposal. Only costs that can benefit from an effective subsidy can be financed by the lump sum.

These may include personal costs, subcontracting and other direct and indirect costs that may relate to auditing work, validating results, clarifying IPR or knowledge transfer strategy, market analysis, etc. The reporting obligations of an ERC boundary research project under the H2020 (Starting Grant / Consolidator Grant / Advanced Synergy Grant or Synergy Grant) include two separate reports covering the financial and scientific aspects of the grant, as described in Article 20 of the EER Type Grant Agreement.