Research Budget & Economy
A budget plan demonstrates the required cost for the proposed project in a given period of time, and is a key element of a research grant application.
Support
- Always contact your department before applying for a research funding
- You should also contact Grants Office when applying for international funding
- Here you can find budget templates, and research funding forms (for EU/US funding)
Photo: GettyImages.
Factors to consider when developing a budget:
- Will all indirect costs be covered?
- What are the eligible costs?
- Is there a need for co-financing?
- Budget justification
- Sub-budgets
- Payroll guidance
- Cost sharing
- Program income
- Controlling
- Full economic costs & pricing
- Incoming & outgoing sub-awards
- Financial audits & reporting
- Does the agency fund stipends?
Photo: GettyImages.
What is INDI?
INDI stands for indirect costs of research - additional non-project-specific costs normally arising for all research activities. KI uses a calculation and accounting model: