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Veronica from Michigan Medical School's Office of Research explains the key details of cooperative agreement funding mechanisms, like NIH-U type grants. This video emphasizes the significant role of funding agency staff in cooperative agreements, which differ greatly from traditional grant mechanisms. Applicants should understand the level of involvement from funding agency staff, as cooperative agreements aim to support investigator-driven research. The staff will be more actively involved in scientific and administrative aspects compared to standard grants like R01s. It is essential to be aware of these differences before applying for a cooperative agreement award.