Wednesday, August 8, 2012

Which funding mechanism is right for my project?

Trying to understand the differences between grants, contracts, and cooperative agreements, and grant mechanisms, such as the R01 and R03 parent announcements , can be confusing. NIH has provided a helpful information sheet that breaks down the different available mechanisms with a brief description of each.

An R03, for example, is designed to support a smaller-scale research project, with a smaller budget and time period than an R01. An R21, meanwhile, is designed for completing exploratory research, often to gather data to support a future R01 application. Confused?  Review the NIH website for the latest information on funding mechanisms and the distinctions between types. 

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