The European Research Executive Agency is a funding body created by the European Commission to foster excellence in research and innovation. It manages large parts of the Seventh Framework Programme for Research, Technological Development and Demonstration Activities (FP7), the main EU funding package to respond to Europe’s needs in terms of jobs and competitiveness in the global knowledge economy.
The Agency’s mandate covers a variety of Europe and worldwide opportunities for organisations, professionals and individuals. Seven key Community programmes have been partly or fully delegated to the EACEA: Lifelong Learning, Erasmus Mundus, Tempus, Culture, Youth in Action, Europe for Citizens and Media, and several international Cooperation Agreements in the field of higher education.
The ERC is the first European funding body set up to support investigator-driven frontier research. Its main aim is to stimulate scientific excellence by supporting and encouraging the very best, truly creative scientists, scholars and engineers to be adventurous and take risks in their research. The scientists are encouraged to go beyond established frontiers of knowledge and the boundaries of disciplines.