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Veronica from Michigan Medical School's Office of Research discusses the key details of a cooperative agreement funding mechanism, such as an NIH-U-type grant. Cooperative agreements involve a significant role for the funding agency staff and differ from typical grant mechanisms like NIH-R-type grants. It is important to understand the level of involvement from the funding agency before applying for a cooperative agreement. These agreements aim to support investigator-driven research, with more scientific and administrative involvement from the funding agency compared to standard grants like R01.