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In this video, Veronica from the Michigan Medical School's Office of Research outlines key details regarding cooperative agreement funding mechanisms, specifically NIH U-type grants. She emphasizes the distinct differences between these agreements and typical grant funding, such as NIH R-type grants. Veronica explains that the primary aim of cooperative agreements is to support investigator-driven research, which entails greater involvement from funding agency staff in both scientific and administrative aspects. She highlights the importance of understanding these differences and best practices before deciding to apply for a cooperative agreement award. Throughout the presentation, she will refer to NIH cooperative agreements for clarity.