Page 23 - Memora anual Fundación CIEN 2015

2. MANAGEMENT REPORT
2.1. General management
The income budget managed by CIEN Foundation
during the year 2015 slightly surpasses the 2.5 million
Euros, arising mainly from the ISCIII annual contribu-
tion, which amounted in 2015 to 825,000 €. It is re-
markable, once again, the effort and commitment
of the Queen Sofia Foundation with the research
work carried out by CIEN Foundation, materialized
on an income above 400,000 € in 2015, in addition to
the transfer of use of the building and equipment.
During 2015 CIEN Foundation continues to manage
the following actions:
• Cooperation agreement between the ISCIII and
CIEN Foundation for the development of the
strategic agenda of the European Union Joint
Program in Neurodegenerative diseases,
particularly Alzheimer's disease (JPND) through
the participation of CIEN Foundation in the
European Network of Centers of Excellence
(COEN). ).
The International Network of Centers of
Excellence in Research on
Neurodegenerative Diseases (COEN) has
approved funding for five "Pathfinder"
projects for an amount of around three million
euros. The Foundation has committed 550,000
€ to finance projects selected in this call,
which will be carried out by CIBERNED groups.
• Collaboration agreement between the
Foundation for Knowledge Madridmasd and
CIEN Foundation to regulate the participation of
the Foundation as host institution in the
M+VISION program under the FP7-PEOPLE-2011-
COFUND call,. The project funded by the
European Union provides for the participation of
host institutions as legal entities in which the
researchers selected for support within the
M+VISION program conduct their training
through research.
The M + VISION project includes two types of
assistance depending on the type of mobility
involving: incoming and outgoing. In the
incoming grants researchers enjoy three years
of funding in Spain. The project, financed by
the European Union, envisages the
participation of host institutions as legal
entities in which the researchers selected for
support of the project M+VISION conduct
their training. The program offers grants of a
total duration of three years, consisting of a
year of scholarship and two-year contract
plus contributions for research expenses and
travel. The first year the researchers receive
funding from the Region of Madrid and the
scholarship takes place in a primarily
academic environment, while the second
and third years are directly employed by host
organizations, making a more market-
oriented research.
2.2. Management of financial and
economic resources
The CIEN Foundation is a statewide under the Mi-
nistry of Economy and Competitiveness.
Revenues of the institution consist mainly of grants,
donations and operating legacies and capital re-
ceived from Public Administrations and other institu-
tions, companies and individuals.
The Carlos III Institute of Health, exercising their func-
tions of planning, development and coordination of
biomedical and health research and innovation re-
solves to grant the CIEN Foundation with a nomina-
tive allocation for current expenditure for the year
2015 of 675,000 € and a nominative allocation for
capital expenditures of 150,000 €. The allocation co-
rresponding to fiscal year 2014, experienced a signi-
ficant budget reduction compared to previous
years, due to different factors such as the termina-
tion of several cooperation agreements between
CIEN Foundation and other institutions, which were
distant from the aims of the Foundation. Also, by re-
solution of ISCIII a nominative allocation of 50,000 €
for 2014 was granted to the CIEN Foundation.
CIEN Foundation Annual Report 2015 / 23