FAQ
Is the implementation and reporting of a project not impeded by the substantial administrative burden?
Our current and potential customers need not be concerned about this. It is our responsibility to navigate the entire process smoothly.
For all other businesses – yes, to receive the contracted grant funding, specific rules and procedures are to be observed strictly. Furthermore, the execution and reporting phases involve the preparation and submission of a substantial amount of documents. Team members will have to be dedicated full-time to project administration, or an external organization needs to be contracted.
Which are the prerequisites for a success project?
How much time is required for the preparation of a project?
Preparation time depends on project scope, information available and the specific requirements of the corresponding program or scheme. In most cases it is advisable to allow for at least 30 days.
Is the implementation and reporting of a project not impeded by the substantial administrative burden?
Our current and potential customers need not be concerned about this. It is our responsibility to navigate the entire process smoothly.
For all other businesses – yes, to receive the contracted grant funding, specific rules and procedures are to be observed strictly. Furthermore, the execution and reporting phases involve the preparation and submission of a substantial amount of documents. Team members will have to be dedicated full-time to project administration, or an external organization needs to be contracted.
Is it worth the effort to apply for funding under EU programs, or is the waiting time far too long?
The entire process, from starting the project selection procedure to the final contract award and project launch, can exceed eight months. Yes, it takes long. When it comes to pressing investment needs that are key to the operational activities of the organization, it is advisable to explore other financing opportunities. However, where a project is intended to achieve medium-term goals and time is not a critical factor, applying for external funding is an excellent opportunity for any company to invest in its technological improvement and innovation. This type of funding helps alleviate the financial burden on the organization, while allowing it to pursue its aspirations on a larger scale.
Conclusions, based on actual data of our practice, are as follows:
– Projects that have received a financial grant aid report nearly the double returns on investments compared to those executed with own or borrowed funding
– Projects that have received a financial grant aid are redeemed at an average of 40% faster than those executed with own or borrowed funds
– Organizations that have successfully realized at least one project with a grant aid from the EU for the past three years report a sustained annual growth of sales revenues by an average of 15%; while at companies that have executed three or more such projects this growth reaches 25-30%