Applications for Grants in 2020

Grants awarded by OP Group Research Foundation

The foundation has appropriated 1,200,000 euros in grants intended for economic research and postgraduate studies. Research into cooperative banking and the financial sector on a more extensive basis is given priority.

Applicants may apply for a grant

  • a) for personal research
  • b) to provide finance for a research team
  • c) to provide finance for a professor’s research leave
  • d) for full-time post-doctoral research and
  • e) full-time postgraduate studies.

The application period begins on 5 January. The deadline for applications is 4.15 pm on 10 February 2020. After the deadline, incomplete or late applications will not be considered.

More information and application instructions:

The grantee must have at least a master’s degree. As a rule, the foundation awards grants for one year at a time, although successful research teams, post-doctoral researchers and postgraduate students may be entitled to multi-year grants.

The grant awarded to a research team is aimed at covering salaries of assistants and other research costs and it may not be used to pay researchers’ salaries. If a member of the research team with a grant wishes to apply for a personal grant, he/she must specifically apply for it personally.

The annual grant worth a maximum of 65,000 euros for post-doctoral research is intended for those who have recently defended their doctoral dissertation. The foundation pays such a grant to the university department, provided that the department verifiably hires the applicant/grantee. The department must give the applicant written consent appended to the application.

A grant intended for financing a professor’s research leave amounts to a maximum of 32,000 euros. It is granted together with the university for financing a 12-month research period. During the professor’s research period, the university as his/her employer pays 55% of his/her gross salary. A professor working permanently for a Finnish university is eligible to apply for the grant, whose university exempts him/her from administrative and teaching duties for one year (12 months). The applicant must append to the application his/her university’s commitment to such an arrangement.

The maximum annual grant for full-time post-graduate studies amounts to 25,000 euros. Full-time studies mean here that the grantee is not in a salaried position and he/she has no financing for his/her studies from another source. It is also possible for a doctoral student to combine a grant awarded for full-time postgraduate studies with salaried employment, so that together they enable full-time postgraduate studies in universities where such a system is in place. A doctoral student with a 56% employment contract with a university may apply for a one-year grant (25,000 euros) to be used over a period of two years, or a six-month grant (12,500 euros) to be used over a period of one year. The applicant must submit a statement from the employer on the implementation of the arrangement to the foundation.

The scientific committees of both foundations may process applications if that is in the interest of applicants.

Grantees are required to provide a written research report and a summary of research results.

When it comes to large grants/research projects, the applicant is required to do research work on a full-time basis.
If the grantee works continuously for at least four months and the grant amounts to at least 3,900 euros when converted into annual income, they must report the grant to Mela (Farmers’ Social Insurance Institution).

All applications are submitted through an electronic grant system. Attachments to the application should be in  the PDF format.

The links to the grant systems can be found on the top of the page.