A Helmholtz Virtual Institute brings together the key competencies of one or more Helmholtz Centres with those of one or more universities to create a center of excellence of international standing. This serves to create a new quality of cooperation strengthening scientific excellence and increasing international competitiveness. Other national or international partners may be involved as associated partners. Helmholtz Virtual Institutes have their own executive and management structure and develop special measures to qualify their young researchers. Over a three to five year period, Virtual Institutes receive up to a maximum of 600,000 euros per year from the Initiative and Networking Fund. With this scope Virtual Institutes possess of an ideal size, to prepare the way for larger collaborative networks such as the Helmholtz Alliances. Six calls for proposals have been completed so far, with grants worth a total of some 129 million euros being awarded to 110 Virtual Institutes in which almost 326 university partners from 67 German universities are actively involved. The share donated to the universities is about 55 million euro.
Taken from www.helmholtz.de