Academy of Finland to introduce full cost model in its research funding

(09.12.2008)

The Academy of Finland will introduce the full cost model as of the beginning of 2009. The full cost model will have effects on the way funding applications and funding decisions are made, on how funding is used and on the way funding use is reported. The decision to introduce the full cost model is included in a document on the grounds for research funding decisions 2009, adopted by the Academy Board.

The purpose of the full cost model is to determine all financial costs, both direct and indirect, of jointly funded projects. Until now, the Academy has funded only the direct costs of research projects; the full cost model requires that funding is also provided to cover indirect costs. The Academy will fund a maximum of 80 per cent of the costs of a project. 

The Academy will apply the full cost model when preparing and making funding decisions regarding applications submitted to calls to be opened in 2009 and later. Reporting on projects started as a result of these calls shall also comply with the full cost model. The full cost model will not be applied to calls that opened in 2008 and on which decisions will be made in 2009.

The Academy will soon provide additional guidelines on the full cost model.

More information is available on the Academy’s website at www.aka.fi/eng > For researchers > How to apply > Full cost model.

Academy of Finland Communications
Communications Director Maj-Lis Tanner
tel. (09) 7748 8347, 040 729 6736
maj-lis.tanner(at)aka.fi