Showing posts with label Innovation funding.grants consultancy. Show all posts
Showing posts with label Innovation funding.grants consultancy. Show all posts

Thursday 23 August 2018

Review On Types & Beneficiaries Of EU Funding For StartUps

The EU gives funding in the shape of loans and grants for a large array of programs and projects that fall into the ambit of education, health, consumer protection, environmental protection and humanitarian aid. Funding is managed as per strict guidelines which help to assure that there is tight control over how funds are utilized and that funds are spent in a lucid and responsible way.

EU funding for StartUps is intricate because there are several & varied types of programs managed by various bodies. More than 76 percent of the EU budget is managed by the Member States. This contains the structural funds, which finance regional policy, social and training programs, and in addition agribusiness (that comprise support for agriculturists).


Two principal kinds of funding

Grants for special projects, normally following a public announcement called a 'call for proposals'. Some portion of the financing originates from the EU, apart from extra sources.

Public contracts to purchase services, goods or works to assure the functioning of EU establishments or programs. Contracts are granted through calls for tenders (public procurement) and cover a wide array of areas: researches, technical help and education; consultancy, conference organization, IT equipment purchases, and so on.

Working as a team, the 28 EU Chiefs have an utmost political responsibility for assuring that EU funds are spent appropriately. But since most EU funding for StartUps is managed at a national level, national governments are in charge of performing checks and yearly reviews.

Who are the main beneficiaries?


Small Commercial Establishments

Can get EU funding via grants, loans, and guarantees. Grants give direct support, whereas other funding is got through programs managed at national level.

Non Governmental & Civil Society Associations


Usually, qualify for funding if they are active in EU policy territories on a non-profit basis.

Youngsters

Two fundamental kinds of funding:

Lifelong Learning Program
- educational opportunities through Erasmus, support to school going children who are approaching the end of secondary education, and vocational training in an international destination.

Youth in Action Program
- co-funding of ventures which promote civic involvement, humanitarian effort, and a wider multicultural outlook.


To conclude, this brief review provides a basic insight into what actually is EU funding all about.