Master Lump Sum Funding: Confidently Budget your EU Projects!
Lump sum funding is a financial mechanism introduced by the European Commission to simplify project financing under programs like Horizon Europe. By providing a predetermined budget for project deliverables, it reduces the administrative burden associated with traditional cost reporting. However, careful budget planning is essential to ensure financial viability and successful project execution. What is Lump Sum Funding? In lump sum funding, projects receive a fixed amount to achieve specific deliverables and milestones, regardless of the actual costs incurred. This approach shifts the focus from detailed financial reporting to the successful completion of project activities. While it simplifies financial [...]
Seize Global Opportunities with Innowwide: Funding for Innovative SMEs
Expanding into international markets can be one of the most exciting—and challenging—growth opportunities for small and medium-sized enterprises (SMEs). With the Innowwide program, European SMEs now have access to funding that helps them explore new markets, reduce risks, and validate the commercial potential of their innovative products, processes, or services. What is Innowwide and How Does It Work? Innowwide is a European initiative designed to support SMEs looking to expand internationally by providing funding for feasibility studies. These studies help businesses assess the viability of their innovations in new global markets, offering a chance to test or launch projects [...]