Correct currency conversion is essential when reporting costs in EU-funded projects such as Horizon Europe. Using the wrong exchange rate or method can lead to rejected costs, audit findings, or...
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Associated Partner in Horizon Europe: Understanding Their Role and Value
In Horizon Europe projects, an Associated Partner play a pivotal role in enhancing the scope and impact of research and innovation initiatives. While they do not receive EU funding, their...
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Participant Identification Code (PIC Number): Your Key to EU Funding
What is a PIC Number? A PIC Number is a unique identifier for your organisation. It ensures your legal, financial, and administrative information is consistent across EU funding programmes, including...
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What is Co-Funding in Horizon Europe?
In the context of Horizon Europe, the European Union’s key funding programme for research and innovation (2021–2027), co-funding refers to a funding model where the European Commission provides financial support,...
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How to report personnel unit costs in Horizon Europe?
Horizon Europe offers beneficiaries the option to utilize personnel unit costs, streamlining and minimizing errors in cost declaration for staff in projects. This entails establishing a single predetermined daily rate...
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Who can issue a Certificate on the Financial Statement (CFS) after an audit?
Certificate on the Financial Statement (CFS) – Horizon Europe A Certificate on the Financial Statement (CFS) must be issued by a qualified auditor following the completion of an audit. The...
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What are Cross-KIC activities?
Cross-KIC projects aim at jointly driving strategic topics to promote European innovation while fostering collaboration and taking advantage of synergies within the EIT ecosystem. Cross-KIC activities refer to collaborative initiatives...
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How many KICs (Knowledge and Innovation Communities) have been created by the EIT?
In total, 9 KICs (Knowledge and Innovation Communities) have been created by the EIT (European Institute of Innovation & Technology) since its creation in 2010. A KIC is a network...
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