The ERC is providing four funding streams:
are designed for promising junior researchers who are at the stage of establishing an independent research team or an independent research programme
are designed for promising researchers who are at the stage of consolidating an independent research team or an independent research programme
are aimed at excellent research leaders who are already well established in their respective field of research
are designed for research groups of two to four outstanding researchers and their teams
In addition to that, the ERC offers the following funding option:
Proof of Concept
provides funding for activities to be undertaken in terms of pre-commercial development, commercialization or marketing of an idea resulting from an ERC project
Calls for proposals will be published annually. The calls within the 7th Framework Programme of the EU are closed. The next calls under the new framework programme Horizon 2020 (2014 - 2020) are expected to be published at the end of 2013 / beginning of 2014.
ERC grants cover up to 100% of the direct research costs (related to staff, equipment, consumables, and travel) plus a 20% contribution of the total direct costs (excluding subcontracts) towards overheads.