The Strategic Research Council (SRC) at the Academy of Finland grants national matching funds to projects that have received funding under the Societal Challenges priority of Horizon 2020, the EU Framework Programme for Research and Innovation.
Projects eligible to receive SRC matching funds must have received funding in 2015 or thereafter. The aim of SRC matching funds is to encourage research organisations to participate in preparing projects for upcoming EU funding calls.
SRC matching funds can be applied for to compensate for funding shortfalls. Here, shortfall refers to the difference between the overheads percentage calculated using the Finnish full cost model and the indirect costs reimbursement calculated using the Horizon 2020 model. The matching funds are granted according to a reimbursement rate decided by the SRC.
The application deadline is open-ended. The SRC will decide in January 2018 on applications submitted during the period 1 Dec 2016–31 Dec 2017. The funding will be granted according to a separately agreed, consistent rate covering no more than 75 per cent of the funding shortfall. The reimbursement rate will be decided in proportion to available funds and the total funding applied for. The minimum amount to be applied for is 10,000 euros.
The funding is allocated to the site of research – not the project – to cover indirect costs (overheads). It cannot be used for economic activity.
Who can apply?
SRC matching funds can be applied for by research organisations, such as research services or financial administration units.
According to the EU Commission, a ‘research organisation’ refers to an organisation (e.g. higher education institutes, research institutes, technology transfer organisations, innovation intermediaries, and research-oriented physical or virtual collaborative entities), irrespective of its legal status (organised under public or private law) or financing source, whose primary goal is to conduct independent basic research, industrial research or experimental development or to disseminate its results widely by means of education, publication or knowledge transfer. When such an entity is also engaged in commercial activities, separate accounts must be kept of the funding and costs of and the revenue generated by such activities. The enterprises exercising a controlling interest in such an entity (as shareholders, members, etc.) may not enjoy any preferential access to the results generated by the entity.
Sites of research can apply for matching funds to cover the project’s entire Horizon 2020 funding period. The funding period ends according to the limits of the Academy’s budget authority. It is possible to apply for follow-on funding for subsequent periods, but that funding depends on whether the SRC has been granted additional budget authority.
SRC matching funds are intended for costs that are not covered by Horizon 2020. More information is available in the Annotated Model Grant Agreement, a guide aimed at assisting Horizon 2020 beneficiaries. The funding is subject to an audit obligation. The recipient of matching funds must be prepared to, if necessary, show that the funds will not be allocated to any part of indirect costs funded by the EU Commission.
How to apply
Please note the nonstandard application schedule. Sites of research can submit applications as soon as they have received the final, signed funding decision from the EU Commission. The application deadline is open-ended.
If the project has already started, applicants should enter the funding period to start from the date when the application is submitted to the Academy of Finland’s online services. In other cases, the start date should follow the date indicated in the decision by the EU Commission. Enter the end date of the funding period as no later than 31 December 2021. The funding shortfall is demonstrated in a separate appendix to the application.
Draft and submit the application in the Academy’s online services. Select Open calls > SRC matching funds for Horizon 2020.
- EU Commission’s final and signed funding decision (Horizon 2020 Societal Challenges)
- Calculation showing the funding shortfall (see example)
- Finance Manager Sirpa Nummila (Finance Unit), tel. +358 295 335 081
- Senior Science Adviser Kyösti Lempa (Strategic Research Unit), tel. +358 295 335 144