Lump sum funding aims to reduce administrative and financial errors, simplifying the funding programme and thus the financial reporting process by eliminating the need to report actual costs and eliminating ex-post financial audits. This programme is primarily targeted at small and start-up companies, as they often have no prior knowledge of EU fund management. Compared to other Horizon Europe grants, the lump sum grant agreement and evaluation systems follow the same standard approach in the following aspects: evaluation criteria, payment scheme, pre-financing and reporting periods. However, there is one notable difference to note: lump sum funding focuses on the [...]