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Effective project management of 3rd party funding in European Union Horizon Industry4.0 projects: sharing experiences from two use cases

Effective project management of 3rd party funding in European Union Horizon Industry4.0 projects: sharing experiences from two use cases
Effective project management of 3rd party funding in European Union Horizon Industry4.0 projects: sharing experiences from two use cases
To reduce the risk and the required bureaucracy for accessing public funding, the EC has developed a mechanism to grant money to consortia to be used to fund to startups, SMEs and Midcaps to start, evolve or transition their offer to increase their competitivity in the market, in turn providing benefit for the entire European economy.
This paper presents the experience in managing what is actually 3rd party (or cascading) funding in two different European Innovation Action Projects in the manufacturing domain. The paper discusses the design and implementation phases and provides the detail on how to manage the processes to ensure fairness, efficiency, and effectiveness that is lacking from the EC’s formal documentation.
project management, open calls, cascade funding, Horizon Europe, financial support to third parties
Fair, Nic
743fd34e-7e2b-42d0-818e-1db641e789be
Modafferi, Stefano
2f15a6fa-a4c3-4f43-998f-df7d88f08a78
Wajid, Usman
e1d33504-4c21-4a3a-acdd-503ad7f82fb0
Nizamis, Alexandros
e7115af0-68e6-4cfa-9081-9022e2a65c5e
Fair, Nic
743fd34e-7e2b-42d0-818e-1db641e789be
Modafferi, Stefano
2f15a6fa-a4c3-4f43-998f-df7d88f08a78
Wajid, Usman
e1d33504-4c21-4a3a-acdd-503ad7f82fb0
Nizamis, Alexandros
e7115af0-68e6-4cfa-9081-9022e2a65c5e

Fair, Nic, Modafferi, Stefano, Wajid, Usman and Nizamis, Alexandros (2022) Effective project management of 3rd party funding in European Union Horizon Industry4.0 projects: sharing experiences from two use cases. ProjMAN - International Conference on Prject Management (CENTRIS), , Lisbon, Portugal. 09 - 11 Nov 2022.

Record type: Conference or Workshop Item (Paper)

Abstract

To reduce the risk and the required bureaucracy for accessing public funding, the EC has developed a mechanism to grant money to consortia to be used to fund to startups, SMEs and Midcaps to start, evolve or transition their offer to increase their competitivity in the market, in turn providing benefit for the entire European economy.
This paper presents the experience in managing what is actually 3rd party (or cascading) funding in two different European Innovation Action Projects in the manufacturing domain. The paper discusses the design and implementation phases and provides the detail on how to manage the processes to ensure fairness, efficiency, and effectiveness that is lacking from the EC’s formal documentation.

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More information

Accepted/In Press date: 2022
Published date: November 2022
Venue - Dates: ProjMAN - International Conference on Prject Management (CENTRIS), , Lisbon, Portugal, 2022-11-09 - 2022-11-11
Keywords: project management, open calls, cascade funding, Horizon Europe, financial support to third parties

Identifiers

Local EPrints ID: 472345
URI: http://eprints.soton.ac.uk/id/eprint/472345
PURE UUID: e6b8c94c-a112-4d29-b19c-35a8840dec85
ORCID for Nic Fair: ORCID iD orcid.org/0000-0003-1566-4689

Catalogue record

Date deposited: 01 Dec 2022 17:56
Last modified: 25 Jan 2023 02:45

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Contributors

Author: Nic Fair ORCID iD
Author: Stefano Modafferi
Author: Usman Wajid
Author: Alexandros Nizamis

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