It ’s Not a Grant…It’s Not a Contract…It’s an Other Transaction!

You have likely heard about NIH establishing one of the most diverse health databases in history, aiming for at least a million participants. What about our search for new, more targeted pain treatments? Maybe the long-COVID cohort study? Or our cloud computing activities to enhance data access? Aside from these all being quite ambitious projects, they have something else in common. They are all supported through one of NIH’s Other Transactions Authorities. What does this mean? “Other Transactions” are not grants. They are neither contracts nor cooperative agreements. Other Transactions are a unique type of legal funding instrument. Generally, these awards are also not subject to the Federal Acquisition Regulation or grant regulations (unless otherwise noted for certain provisions in the terms and conditions of award). They are, however, subject to the Other Transactions Authority that governs the initiative, as well as applicable legislative mandates. Through unconventional processes, Other Transactions allow us to address rapidly evolving research areas, especially those that are multi-disciplinary or relate to urgent public health situations when the future direction of the science is constantly changing and unknown. NIH staff can also help bring experts together in novel ways through Other Transactions awards, such as through engaging non-traditional partners, companies, advocates, and individuals. And, similar to our role with contracts and cooperative agreements, ...
Source: NIH Extramural Nexus - Category: Research Authors: Tags: blog Open Mike funding Funding data other transactions Source Type: funding