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.
Horizon2020, cascade funding, project management
1985-1993
Fair, Nic
743fd34e-7e2b-42d0-818e-1db641e789be
Nizamis, Alexandros
e7115af0-68e6-4cfa-9081-9022e2a65c5e
Modafferi, Stefano
2f15a6fa-a4c3-4f43-998f-df7d88f08a78
Wajid, Usman
e1d33504-4c21-4a3a-acdd-503ad7f82fb0
22 March 2023
Fair, Nic
743fd34e-7e2b-42d0-818e-1db641e789be
Nizamis, Alexandros
e7115af0-68e6-4cfa-9081-9022e2a65c5e
Modafferi, Stefano
2f15a6fa-a4c3-4f43-998f-df7d88f08a78
Wajid, Usman
e1d33504-4c21-4a3a-acdd-503ad7f82fb0
Fair, Nic, Nizamis, Alexandros, Modafferi, Stefano and Wajid, Usman
(2023)
Effective project management of 3rd party funding in European Union Horizon Industry4.0 projects: sharing experiences from two use cases.
Procedia Computer Science, 219, .
(doi:10.1016/j.procs.2023.01.499).
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.
Text
1-s2.0-S1877050923005124-main
- Version of Record
More information
Accepted/In Press date: 15 January 2023
e-pub ahead of print date: 22 March 2023
Published date: 22 March 2023
Additional Information:
Funding Information:
The work presented in this paper has been supported by the following H2020 European projects: i) Connected Factory Platform for Agile Manufacturing – EFPF (www.efpf.org) (Grant agreement ID: 825075) and ii) Zero Defect Manufacturing Platform - ZDMP (www.zdmp.eu) (Grant agreement ID: 82536 1).
Publisher Copyright:
© 2022 The Authors. Published by ELSEVIER B.V.
Keywords:
Horizon2020, cascade funding, project management
Identifiers
Local EPrints ID: 476270
URI: http://eprints.soton.ac.uk/id/eprint/476270
ISSN: 1877-0509
PURE UUID: a5d4031d-29a9-4798-aec8-4186dd827e48
Catalogue record
Date deposited: 18 Apr 2023 16:37
Last modified: 17 Mar 2024 03:28
Export record
Altmetrics
Contributors
Author:
Nic Fair
Author:
Alexandros Nizamis
Author:
Stefano Modafferi
Author:
Usman Wajid
Download statistics
Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
View more statistics