Funding

For this Open Call the total available budget is € 400,000.00, for each proposal a budget of € 100,000.00 is made available. The target is to fund one project proposal per topic, four in total.

As the selected beneficiaries will be linked to the TERMINET consortium as third parties, specific arrangements exist with respect to financial costs and payment schemes. As a third party, the proposing entity needs to include an overview of the estimated costs in its proposal at the time of submission. Costs consist of direct costs (such as personnel costs, travel, consumables, etc.) and indirect costs. The costs of a third party have to comply with the rules and the principles mentioned in Chapter 3, Article 6.1 (Eligible and ineligible costs) of the H2020 Annotated Model Grant Agreement (AGA) (see here), in the same way as the beneficiaries, and must be recorded in the accounts of the third party. In other words, the rules relating to eligibility of costs, identification of direct and indirect costs and upper funding limits apply. Equally those concerning controls and audits of Chapter4, Section2, Article 22.1.1 of the H2020 AGA.

The maximum requested funding for a project in this Call is set at € 100,000.00

Payment Scheme:

• PREPAYMENT – 40% after signature of the Subgrant-Agreement by both parties (UOWM and Third Parties).
  € 80,645.16 x 40% = € 32,258.07 (in case of maximum requested budget)
• INTERIM PAYMENT – 45% after the mid-term of the project, e.g., for a project with a duration of 4 months, it will be at the end of the 2nd month, with written confirmation by the TERMINET OCPC that the project has made the expected progress in terms of milestones within the project plan.
  € 80,645.16 x 45% = € 36,290.32 (in case of maximum requested budget)
• FINAL PAYMENT – 15% after submission and acceptance of the final code and final report (including the technical and financial sections) and approval by the TERMINET OCPC of the final code and final report.
  € 80,645.16 x 15% = € 12,096.77 (in case of maximum requested budget)
  The report (technical and financial) and the declared costs will be evaluated by the TERMINET OCPC. Based on this evaluation, a final payment amounting to maximum 15% of the approved funding, will be carried out by UOWM.