The Horizon 2020 Multi-Beneficiary General Model Grant Agreement (MGA) is a vital instrument that governs the financial and legal aspects of the European Union`s Horizon 2020 research and innovation program. With the model grant agreement, grant recipients can access funding for their research projects and comply with the financial and legal requirements of the program.
The MGA is a standard agreement that outlines the rights and obligations of grant beneficiaries, the European Commission, and other parties involved in the grant agreement. It covers areas such as the eligibility of costs, reporting and financial management, intellectual property rights, and liability.
Eligibility of costs is a critical aspect of the MGA. It outlines the costs that can be covered by the Horizon 2020 program, such as direct and indirect costs and personnel expenses. It also specifies the types of costs that are ineligible, such as taxes, interest, and fines.
Reporting and financial management are also key areas covered by the MGA. Beneficiaries are required to provide the European Commission with periodic financial and technical reports on the progress of their projects. The MGA also outlines the procedures for audits and corrective actions in case of non-compliance with the grant agreement.
Intellectual property rights are important for research and innovation projects, and the MGA provides a framework for the management and exploitation of intellectual property. The agreement outlines the rights and obligations of grant beneficiaries and the European Commission on the use and ownership of intellectual property resulting from the project.
Liability is another area covered by the MGA. The agreement specifies the liabilities of the grant beneficiaries and the European Commission in case of damage, loss or injury arising from the project activities.
In conclusion, the Horizon 2020 Multi-Beneficiary General Model Grant Agreement is a critical instrument that governs the financial and legal aspects of the Horizon 2020 program. By complying with the MGA, grant beneficiaries can access funding for their research projects and ensure that they meet the financial and legal requirements of the program. If you are interested in applying for Horizon 2020 funding, it is important to familiarize yourself with the MGA and ensure that you can comply with its provisions.