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Sponsored programs are situations where the University agrees to specific conditions and/or to perform a defined scope of work as defined by the sponsor.

An investigator-initiated project that specifies proposals for research, training, and/or service activities to an outside entity.
The proposed project binds the University to a specific scope of work.
A formal agreement for a specified term is established and signed by an officer of Virginia Commonwealth University (VCU) and the sponsoring agency.
The project involves disposition of property, whether tangible or intangible, that may result from the project (e.g. equipment, records, inventions, copyrights, or rights in data).
The sponsor requires invoices for cost reimbursement and/or a financial report is required.

Typically sponsored programs include the following conditions:

Submission of detailed report of performance and a fiscal report subject to audit,
Return of funds or goods not consumed,
Confidentiality of results, and
Delivery of anything of value to the sponsor.

Some Types of Sponsored Agreements

Clinical Trials - Agreements that provide for the testing of a drug or device on a human subject.
Contracts - Financial support for a specific task, with the project usually initiated by the sponsor. Terms and conditions, specific to the award, generally must be negotiated prior to acceptance of the contract.
Cooperative Agreement - A financial assistance mechanism used when substantial sponsor involvement with VCU is anticipated during performance of the activities.
Grant - A financial assistance mechanism providing money, property, or both to VCU to carry out an approved project or activity. A grant is used whenever the sponsor anticipates no substantial programmatic involvement with VCU during performance of the financially assisted activities.
Industry Sponsored Agreement - An agreement with VCU that involves interactions with the private sector.