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In this video tutorial, Veronica from Michigan Medical School's Office of Research explains key aspects of cooperative agreement funding mechanisms, specifically NIH U-type grants. She highlights the significant role of funding agency staff in these agreements, emphasizing that they are more involved in the research process compared to traditional grants like NIH R-type grants. Veronica stresses the importance of understanding the differences between these funding types before applying, as cooperative agreements are designed to support and stimulate investigator-driven research. The video outlines best practices for applying for these types of funding.