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In this video, Veronica from Michigan Medical School's office of research explains the key aspects of cooperative agreement funding mechanisms, specifically NIH U-type grants. She emphasizes the significant role of funding agency staff in these agreements, contrasting them with traditional grants like NIH R-type grants. Cooperative agreements are designed to support investigator-driven research and involve more substantial scientific and administrative interaction from the funding agency compared to standard grants. Veronica stresses the importance of understanding these differences before applying for a cooperative agreement award. Throughout the presentation, she will reference NIH cooperative agreements.