What is EIBURS?
An EIBURS is a research grant of up to EUR 100 000 a year, for a period of three years, The number of EIBURS grants awarded each year depends on the available budget. Each grant focuses on a different topic defined by the EIB Group.
Thirty-one EIBURS research projects led by 24 universities and research centres from 11 countries have been financed so far.
How to apply?
The topics to be financed by EIBURS are initiated by EIB Group staff and selected by a committee composed of EIB experts. The selection of topics is followed by a public call for proposals posted on the EIB Institute’s website and simultaneously widely communicated including in the Official Journal of the European Union.
The call for proposals specifies the topics and the deadline for admission of proposals. Applications must be sent in English by electronic mail to the Head of the Knowledge Programme Events.EIBInstitute@eib.org. They must be received at the EIB Institute no later than the specified deadline.The application should contain the following:
– a letter from the director of the university’s department or research centre expressing an interest in obtaining an EIBURS and accepting the conditions of the call for proposals, including the acceptance of the EIB’s final decision.
– research proposal
– dissemination activities
– potential for cooperation with the EIB
– presentation of the university department (faculty, school, institute) or the research centre
– presentation of the research team
Who is eligible?
Universities or research centres in EU, Candidate and Potential Candidate Countries are eligible to apply. They need to have proper legal status in order to ensure that a sponsorship contract with the EIB can be signed. Joint proposals are acceptable and encouraged. The university or research centre may propose joint activities with other universities and research centres including from non-eligible countries. In such a case the contract shall be signed with the entity located in the EU, or in a Candidate and Potential Candidate Country.The EIB will not accept any liability in relation to third parties participating in the research. A joint proposal should reflect the participation of the various partners working on the research.
How does the selection process work?
The selection process takes three to four months. It is a two-step process beginning with an evaluation of the applications by an Experts Committee consisting of EIB Group experts from different departments.
The different aspects evaluated are: the quality of the proposal, the quality of the team, the impact of the proposed activity on the EIB. When there are several high-quality proposals the shortlisted applicants may be asked to provide additional information. The Experts Committee prepares a recommendation for the Internal Steering Group, which makes the final decision. The Internal Steering Group is composed of senior managers representing the various parts of the EIB Group. Once the grant has been awarded, a negotiation process with the selected university or research centre to specify outputs will precede signature of a contract. The final decision of the Internal Steering Group is irrevocable. All the applicants are informed of the final decision and the results are also published in the Official Journal of the European Union.
What are the reporting requirements?
An EIBURS research grant provides up to EUR 100 000 a year, for a period of three years, but the continuation of the grant after each one-year period is conditional on the receipt and approval by the EIB of a progress report and a detailed work plan with its budget for the next year(s). EIBURS is a flexible instrument and as such it may allow changes in the activities proposed during the second and third-year periods. However, the university or research centre must proppose such changes at the beginning of these two periods, for approval by the EIB contact person and the EIB Institute. The university or research centre is expected to provide sufficient information regarding its research activities and administrative matters. Besides the annual reports the university or research centre must send to the EIB Institute copies of all documents produced by the research team. The university or research centre is expected to present a progress report of its research activities in a meeting organised at the EIB in Luxembourg (up to two researchers involved in the project). The university or research centre should include on its website a page on the EIBURS-supported activities. The results of the EIBURS research should be in the public domain and adequately disseminated to produce maximum benefit to the scientific and professional communities. The beneficiary must mention the EIB Institute’s support through EIBURS for any publication, activity, etc. supported by the sponsorship. The sponsorship will conclude after the acceptance of the final report produced by the university or research centre at the end of the three-year sponsorship period. The EIB and the university or research centre will aim to resolve amicably any potential conflicts arising between them, possibly through the appointment by common agreement of a third party that would issue a final verdict.
– Building the future of inclusive finance: the role of Fintechs and digitalisation (University of Twente).
– Incorporating environmental, social and governance (ESG) criteria in credit analysis and ratings (Ca’ Foscari University of Venice – Department of economics)
– Improving the measurement of the indirect effects of investment projects: specifying and calibrating EIA methods to maximise compatibility with CBA (University of Las Palmas de Gran Canaria (Spain- Department of applied economic analysis).
– The economic effects of a joint European security and defence policy (University of Bologna (Italy- Department of political science and social studies).
– Impact of microfinance on financial and social inclusion in Europe (Università Cattolica del Sacro Cuore, Italy).
– Measuring impact beyond financial return (IESE Business School)