The European Research Council (ERC) was founded by the European Commission to sponsor basic research. It provides funding to outstanding researchers conducting pioneering work in their fields. The ERC gives four different grants:
The European Research Council uses Advanced Grants to support established, active researchers with an outstanding academic record. Advanced Grants can go to innovative projects in any discipline. Each project sponsored receives up to 2.5 million euros for up to five years.
The ERC Consolidator Grant supports experienced junior researchers in building a research team and establishing an independent career. Each project sponsored receives up to 2 million euros for up to five years.
ERC starting grants enable promising junior researchers to establish their own research units. Each project sponsored receives up to 1.5 million euros for up to five years.
Synergy Grants go to support teams of two to four outstanding researchers who can only successfully carry out their project in this grouping. The maximum funding amount is ten million euros over a period of six years.