What is the definition of a project grant?


Project grant is a form of funding for a specific project with explicit objectives and predetermined cost. The project is defined as a diverse but connected set of activities that usually involves the time-limited organized efforts of relatively large groups.

Project grants are generally restricted grants. They are awarded through competitive process that evaluates which eligible proposal is the closes to meeting all the criteria of the funding announcement and must be used for a specific project they were awarded for. Each project supported through this mechanism should be directly related to the common theme or aim toward overall goal of the grant.

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