When applying for an NIH R01 grant, you’ll need to decide between a modular budget and a detailed budget. Here’s a breakdown to help you choose:
Modular Budgets:
- Simpler: Request funds in $25,000 increments up to $250,000/year.
- Less Paperwork: Ideal for smaller projects with stable costs and less administrative hassle.
Detailed Budgets:
- Comprehensive: Required for projects requesting over $250,000/year. Every expense is itemized.
- Flexible Justification: Great for complex projects with unique or high-cost needs.
Which to Choose?
- Project Size Matters: Modular for straightforward projects within the $250,000 limit. Detailed for large-scale, complex projects.
- Administrative Effort: Modular saves time on paperwork; detailed requires more but allows for thorough cost justification.
Regardless of the budget type, ensure you clearly justify your costs and align them with your project goals.
For more information, visit the NIH’s Budget Development page.
Happy budgeting!