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In this video, Veronica from the Michigan Medical School's Office of Research discusses the essential aspects of cooperative agreement funding mechanisms, specifically NIH-U type grants. She highlights the significant role that funding agency staff play compared to typical grants like NIH-R type grants. Cooperative agreements aim to support investigator-driven research and involve more substantial scientific and administrative input from funding agency staff. Veronica emphasizes the importance of understanding these differences before applying for a cooperative agreement award and outlines best practices for the application process.