If I submit an LOI and fail to submit an application, will I be penalized or prevented from applying in a future funding cycle?

PCORI does not penalize applicants who submit an LOI and are invited to submit an application, but do not submit a corresponding application to the same funding cycle, nor do we prevent them from submitting an LOI and application during a future funding cycle. Importantly, applicants will need to resubmit their LOI to the next cycle they wish to be considered for funding, along with a full application (if invited to do so).