Grant Agreement H 2020: Understanding the Key Concepts

The European Union`s Horizon 2020 program is a massive initiative aimed at promoting research, innovation, and scientific excellence across the continent. As part of this program, a significant portion of resources is dedicated to funding cutting-edge research projects across various sectors. For researchers and institutions looking to secure funding under the Horizon 2020 umbrella, a grant agreement is an essential aspect to consider.

A grant agreement is a legal contract between the European Commission and the beneficiary of the funding, covering all aspects of the project, including budget, deliverables, timelines, and the rights and obligations of all parties involved. The grant agreement H 2020 is a specific type of contract that covers projects funded under the Horizon 2020 program.

Understanding the key concepts of Grant Agreement H 2020 is crucial for researchers looking to secure funding under the program. Here are some of the essential elements to consider:

Budget

The budget section of the grant agreement H 2020 outlines the total amount of funding that the European Commission is providing for the project, as well as the eligible costs that the beneficiary can claim for reimbursement. It also details the payment schedule and conditions for receiving the funds.

Deliverables

The deliverables section of the grant agreement H 2020 describes the specific goals that the project aims to achieve, including the expected results and the timeline for completing each task. The beneficiaries must meet these deliverables to receive the full funding under the contract.

Reporting

The reporting section of the grant agreement H 2020 outlines the requirements for the beneficiary to submit regular progress reports on the project`s status. The reports should cover all aspects of the project, including budget, deliverables, and any issues that may arise during the project`s execution.

Intellectual Property Rights

The intellectual property rights section of the grant agreement H 2020 details the ownership and management of the project`s intellectual property. It outlines the conditions for managing and exploiting intellectual property assets resulting from the project, including any potential revenue-sharing arrangements.

Consortium Agreement

In cases where the project is carried out by a consortium of beneficiaries, a separate consortium agreement is required. The consortium agreement defines the roles and responsibilities of each partner, the budget and payment arrangements, and the management and ownership of intellectual property.

Final Thoughts

Grant Agreement H 2020 is a comprehensive legal contract that outlines all aspects of a research project under the Horizon 2020 program. Understanding the key concepts and provisions of this agreement is crucial for securing funding under the program and ensuring the success of the project. Researchers and institutions looking to apply for funding under Horizon 2020 should seek expert advice and guidance to navigate the complex requirements of the grant agreement H 2020.