Instructions for research groups

The Foundation for Economic Education grant round June 1 – August 15, 2020

Research groups can apply for a three-year grant for the first time during the grant application round of 2020. The grants are awarded for the period from 2021 to 2023. Research groups may still apply for grants for projects of 4─12 months taking place in 2021.

Please consider the following research group application criteria:

  • Grants can only be applied by researchers employed/affiliated by the same organization. PI (Principal Investigator) specifically named for three-year projects is the person responsible for the application and represents the host organization of the project. Research group members may be from more than one organization, but must be clearly part of a group led by PI. The research and funding plan attached to the application indicates the essential affiliations.
  • Consortium applications will not be considered in the grant round (as a organization applicant, however, a university may apply for a grant for a project lasting up to one year, which may include the use of auxiliary labor).
  • The applied sum of a three-year research group grant is between € 150,000 and € 300,000. The share for every project year is between € 50,000 and € 150,000.
  • For a yearlong research group project the applied grant sum is between € 50,000 and € 100,000.
  • The research group members’ working grant portions follow the level indicated for a full-time 12-month working grant (see: Amounts of grants open for application).
  • The application is submitted by the principal investigator, who as the person in charge of the project names all the researchers, their tasks and allocated working times (e.g. the role of the senior researchers and their allocated working time). As an exception, first-year postgraduates can be left unnamed (in the application “N/A”).
  • Attach to the three-year grant application a 5─8-page research and funding plan including a plan for communications and publishing and a description of the international networks. The first year of the research group’s project must be described in detail. If you are applying for a yearlong grant, a 3─5-page research plan is sufficient.
  • Pay special attention to the attachment of one-page (A4) project presentation which describes in summary the research object or topic, pursued results and their significance for one’s own research field, the benefits of the project for business (especially in Finland) and other societal relevance, and the project’s cost estimate and finance.
  • The CV’s of the Principal investigator and the members should be attached as one file to the application.

An awarded grant includes both the costs incurring in group members’ working as well as the group expenses. The group expenses can be partitioned with the project’s host organization when the grant is paid, but they do not generally correspond to university overheads. Read more from Mela‘s guidelines for the group leader. The group leader is in charge of the possible additional staff and its wages and salary-related costs. A mid-term report must be delivered to the Foundation for Economic Education by the year’s end before the draw outs of the following year.

See also the FAQ page for more detailed explanations on the research group.