Monday, September 3, 2012
Funding models: High
risk, high gain
The European Research
Council was established in 2007 with a seven-year budget of €7.5 billion under the EU's 7th Framework Programme
(FP7). The ERC funds investigator-initiated grants to applicants from any EU
member state and in 2013 expects to award €1.8 billion
($2.3 billion), with 39% of its budget directed to the life sciences.