ERC PROOF OF CONCEPT GRANTS

Size of ERC Proof of Concept Grants:

The financial contribution will be awarded as a lump sum of EUR 150 000 for a period of 18 months. The ERC expects that, normally, proof of concept activities should be completed within 12 months. However, to allow for those projects that require more preparation time, the grant agreements will be signed for 18 months. Extensions of the duration of proof of concept projects may be granted only exceptionally.The lump sum will cover the beneficiaries' direct and indirect eligible costs for the project: if the project is implemented properly, the amounts will be paid regardless of the costs actually incurred. The lump sum has been designed to cover the beneficiaries’ personnel costs, subcontracting, purchase costs, other cost categories, and indirect costs.

Profile of the ERC Proof of Concept Eligible Principal Investigator:

All Principal Investigators in an on