Top 10: funding jargon explained

explanation funding jargon

Do you ever get confused about how your WPs can lead to a deliverable, where to put your milestones in your Gantt chart, or how you can best protect the IPR of your SME? Don’t worry, you are not the only one who is dazzled by such funding jargon…

When preparing a grant proposal, especially for a European program, you are bound to run into new terms that you don’t fully understand. Obviously, the call documents will present you with an overview, but these formal explanations are often quite extensive. As a consequence, many people poorly understand these terms, while this is crucial to the success of your proposal.

Below you will find a top 10 of common terms and abbreviations, together with explanations in lay language:

  • Tender: a specific type of grant in which you apply for a specific amount of money in exchange for goods, services, or works.
  • Deliverables: valuable, physical products that are produced as result of a certain task within a project. Think about reports, documents, software, websites, publications etc.
  • Milestones: events that represent progress and flag a go-no/go action within the project. These often go together with a deliverable but not every deliverable needs to be paired with a milestone.
  • Consortium: a group of partners (university, government, industry) that applies for funding together, led by the consortium coordinator.
  • WPs: Work Packages, demarcated sub-projects within your proposal. These often represent a research project but can also include e.g. management and dissemination of results.
  • Pert chart: a graphical representation of the different WPs in a project and how they relate to each other.
  • Gantt chart: a chart that shows how your project will be scheduled over time, with a time bar for each task and possible markings for important moments (e.g. deliverables and milestones).
  • IPR: Intellectual Property Rights, legal rights that protect intellectual creations (Intellectual Property; IP) such as ideas and inventions.
  • SMEs: Small and Medium-sized Enterprises of less than 250 employees that do not yet make too much money or profit (i.e. < 50 million annual turnover or <43 million annual balance sheet).
  • Stakeholder: someone that will be affected by or can make use of your research, for example individuals, businesses, organisations, or even society as a whole.

Need help or advise on your grant proposal? We at Evers + Manders have years of experience in supporting researchers in writing research grant proposals. We understand the language of funding organisations and know what they want.

Are you interested in how we can help you? Don’t hesitate to contact us when you have questions or would like more information about our services.

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