Functioning of the Financial Market and Ethical Awareness – Funding for Research Projects
Published 16 Aug 2019
Download the call
The Finance Market Fund provides funding for research projects and public awareness initiatives concerning financial markets.
The fund is designed to help to increase knowledge about how financial markets function and to promote greater understanding of relevant ethical issues.
The Finance Market Fund views it as particularly important that grant applications clearly demonstrate that the activity is of relevance in relation to the fund’s purpose, and that the funding provided will promote activity that would not otherwise have taken place. The grant application must also describe the potential ramifications if the funding amount awarded is smaller than what was originally sought.
Please see the rules set out for Finance Market Fund at www.finansmarkedsfondet.no (in Norwegian only).
14 Aug 2019
Date call is made active
25 Sep 2019
Application submission deadline
14 Jan 2020
Grant allocation meeting
15 Feb 2020
Earliest permitted project start
01 Aug 2020
Latest permitted project start
31 Jul 2024
Latest permitted project completion
About the call for proposals
This call for proposals is intended to lead to ground-breaking research projects of high scientific quality at the forefront of international research.
The Finance Market Fund’s Board of Directors will allocate roughly NOK 6 million to research projects. A portion of this funding is reserved for ongoing projects.
Allocations for the research projects will be paid out over the budget for 2020.
The Norwegian-language call for proposals is the legally binding version.
Who is eligible to apply?
Who can participate in the project?
Requirements relating to the Project Owner
The organisation listed as the Project Owner in the application form must have approved the submission of the grant application.
Requirements relating to the project manager
To qualify as project manager, individuals must hold an approved doctorate or have obtained qualifications at associate professorship level (in Norwegian only) by the date of the application submission deadline. In this context, employment in the Norwegian research institute sector in a position as forsker 1 (research professor), forsker 2 (senior researcher) or seniorforsker (senior researcher) is considered equivalent qualification.
Requirements relating to partners
Only other research organisations may participate as partners in the Researcher Project and receive Research Council funding.
Other types of organisations, such as companies and other undertakings, are not eligible to receive support for Researcher Projects and may not be project partners, but they may serve as suppliers of R&D services to the project. In such cases, the intellectual property rights related to the result of the supplier’s work activities will become the property of the institution procuring the services.
What can you seek funding for?
- Operating expenses, including procurement of R&D services and costs related to the operation and depreciation of scientific equipment. Please refer to the Research Council’s guidelines for depreciation of equipment.
- For academic positions in the university and university college sector and all doctoral and post-doctoral research fellowships in Norway, the amount sought must follow these rates. You may apply for funding to cover the following positions:
- Doctoral research fellowships for up to three years and post-doctoral research fellowships for up to three years. Hiring procedures, employment periods, work duties, education plans, etc., must comply with the regulations concerning terms and conditions of employment for the posts of post-doctoral research fellow, research fellow, research assistant and resident laid down by the Ministry of Education and Research.
- Academic positions.
Researcher Projects under the Research Council are not open to the allocation of state aid. This means that companies and other undertakings may not be the recipients of project funding. These entities may, however, serve as suppliers of R&D services to the project.
Funding may be sought to cover budgeted project costs. Payroll costs for project partners in Norway must be based on the lump-sum rates for fellowship-holders.
Conditions for support
Companies are not eligible to receive funding to cover projects costs.
Archiving of research data
The Project Owner (R&D organisation) is responsible for selecting the archiving solution(s) to use for storing research data generated during the project. The Project Owner must specify the planned solution(s) in connection with the revised grant proposal.
Reporting and disbursement of funding
Funding will be disbursed in arrears, and only actual expenses entered in the institution’s accounts will be covered. All reports are to be submitted online.
Section 11 item 10 of the rules set out for the Finance Market Fund (in Norwegian only) stipulates special requirements for publishing, among other things.
Relevant thematic areas for this call
Policy and government administration areas
Finance markets and economic governance
Requirements for this application type
You may revise and resubmit your grant application form multiple times up to the application submission deadline. We recommend that you submit your application as soon as you have filled in the application form and uploaded all mandatory attachments. After the deadline, it is the most recently submitted version of the grant application that will be processed.
- The grant application, including all attachments, may be submitted in Norwegian or English.
- All attachments must be uploaded in PDF format.
The designated templates for the attachments are found at the end of this call.
- A project description of maximum 10 pages using the designated template;
- A CV for the project manager, using the designated template;
- CVs for key project participants, using the designated template.
Grant applications that do not satisfy the above requirements will be rejected.
- A proposal for up to three referees who are presumed to be impartial and qualified to review the grant proposal.
Links to websites and documents, as well as other attachments than those specified above, will not be included in the application review process. There is no technical validation of the content of the attachments you upload, so please make sure that you upload the correct file for the selected type of attachment.
Grant applications will be assessed on the basis of the following criteria:
• Scientific creativity and originality.
• Novelty and boldness of hypotheses or research questions.
• Potential for development of new knowledge beyond the current state-of-the-art, including significant theoretical, methodological, experimental or empirical advancement.
The quality of the proposed R&D activities
• Quality of the research questions, hypotheses and project objectives, and the extent to which they are clearly and adequately specified.
• Credibility and appropriateness of the theoretical approach, research design and use of scientific methods. Appropriate consideration of interdisciplinary approaches.
• Where relevant, the extent to which appropriate consideration has been given to ethical issues, safety issues, gender dimension in research content, and appropriate use of stakeholder/user knowledge.
• The extent to which the planned outputs of the project address important present and/or future scientific challenges.
• If relevant with respect to the project objectives, the extent to which the planned outputs will address UN Sustainable development goals or other important present and/or future societal challenges.
• The extent to which the potential impacts are clearly formulated and plausible.
Communication and exploitation
• Quality and scope of communication and engagement activities with different target audiences, including relevant stakeholders/users.
• The extent to which the project manager has relevant expertise and experience, and demonstrated ability to perform high-quality research (as appropriate to the career stage).
• The degree of complementarity of the participants and the extent to which the project group as a whole assembles the necessary expertise needed to undertake the research effectively, and provides added value.
The quality of the project organization and management
• Effectiveness of the work plan, including the extent to which resources assigned to work packages are aligned with project objectives and deliverables.
• Appropriateness of the allocation of tasks, ensuring that all participants have a valid role and adequate resources in the project to fulfil that role.
• Appropriateness of the proposed management structures and governance.
Overall assessment of the referee/panel
Relevance to the call for proposals
It is particularly important that grant applications clearly demonstrate that the activity is of relevance in relation to the purpose of the Finance Market Fund and that the funding provided will promote activity that would not otherwise have taken place.
The grant application must also describe the potential ramifications if the funding amount awarded is smaller than what was originally sought. Please see the rules set out for the Finance Market Fund at www.finansmarkedsfondet.no (in Norwegian only).
The Board of Directors seeks to achieve a broad project portfolio with a wide range of scientific areas and institutions.
All grant applications for Researcher Projects will be assessed by international referee panels. Once the panel assessments are completed, the grant applications will be assessed for relevance to this call. The administration will then submit its recommendation to the Finance Market Fund’s Board of Directors. The board is responsible for the final decisions regarding grant allocations.
Final decisions on allocation of funding are planned to be announced in January 2020.