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The European Research Council grants (named "ERC grant" or simply "ERC") are highly prestigious grants awarded by the European Research Council every year, to top researchers worldwide doing frontier research, of any age and any field, willing to research in the European Union. They are the largest personal research grants of the European Union ...
The European Research Council (ERC) is a public body for funding of scientific and technological research conducted within the European Union (EU). Established by the European Commission in 2007, the ERC is composed of an independent Scientific Council, its governing body consisting of distinguished researchers, and an Executive Agency, in charge of the implementation.
The procedure starts with the filing of an application [1] and ends with the grant of a European patent [6] or the refusal of the patent application [7] by the EPO, or the withdrawal of the application by the applicant, or its deemed withdrawal. [notes 1] The prosecution of European patent applications until grant typically takes several years ...
Some previous experiences under the 7th Framework Programme for Research and Innovation (FP7), such as Future Internet Public Private Partnership (FI-PPP [5] [6]) and ICT Innovation for Manufacturing SMEs (I4MS [7]), had already piloted a similar model which is a good example of the structure and principles envisaged to be applied in the implementation scheme.
The program is very large (just the grant portion of NGEU is twice bigger than the Marshall plan [6]) and redistributive (NGEU favors the south of the block: Italy and Spain get the largest shares, while Greece is the leader in per-capita allocations, at almost 20% of its GDP [3]). [7] The grant portion of NGEU is approximately 3% of EU's GDP. [6]
By 2015, the EU had not reached 0.7% of GNI, though the commitment to this target was recently reaffirmed. The commitment held no deadline. Concord, the European confederation for relief and development, described the pledge as "vague and non-binding" and said 2020 should be the new deadline. [3]
The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]
Therefore, in the aggregate, a portion of changes in a company's share price is expected to result from changes in the relevant information available to the market. The ERC is an estimate of the change in a company's stock price due to the information provided in a company's earnings announcement. The ERC is expressed mathematically as follows: