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Frequently Asked Questions (FAQ) - SME-Financial issues

Can these phase III trials have a much higher real budget versus money requested from the EC (max 3 million)?
Answer: 

A complementary funding is not excluded in the work programme.

Should the costs for Phase 1 be shown in the final report? What is the hourly rate of internal hours in phase 1?
Answer: 
The commission does not ask for financial details, so no hourly rate; just try to reach the 71,000 euro (of which the 70% will be reimbursed as the lump sum).Nike Air Max
Are the 50.000 EUR for subcontracting or for internal personal costs?
Answer: 

The 50.000 EUR can be used for any kind of activity (personnel costs, subcontracting, costs for patent search etc).

When will the lump-sum for Phase 1 be paid?
Answer: 
The lump sum will be paid in two portions - 40% with project start, the rest afterwards, at end of project. The projects that you might get financed as phase 1 and phase 2 are seen INDEPENDENTLY.adidas