http://eacea.ec.europa.eu/bilateral_cooperation/eu_us/funding/calls_2011_en.php#intro
The funded activities, such as the development of curricula, joint study programmes, exchanges and study abroad with provision for mutual credit recognition and language and cultural preparation, will benefit to higher education students, vocational education and training learners and teachers/trainers/administrative staff. The main focus of activities must be on transatlantic rather than intra-European or intra-American interactions.
Submission of grant requests under this call is open to higher education institutions and vocational education and training institutions.
Each project must have one lead institution in the EU and one lead institution in the US, responsible for submitting the common proposal and for the management of the project. These lead institutions must be higher education or training institutions.