All of the following criteria must be fulfilled in order to have a project proposal evaluated for ACTPHAST4.0 support:
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the company must have a European identity, i.e. a significant R&D and production presence within the EU. Any European company may be supported, but European SMEs may receive a subsidy of 75%-100% of their innovation project (100% subsidy for the first 30K€ of project costs and 75% subsidy for costs above 30K€), whereas large-scale European companies receive a 50% subsidy – for SME classification rules, click here,
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the Innovation Project Proposal submitted for evaluation must be complete, i.e. all of the required information is provided,
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the company and the proposed ACTPHAST4.0 project partners must confirm their agreement with a shared understanding about the IPR issues (related to foreground and background know-how),
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the company must confirm that its legal officers have an understanding about the conditions of the contract document should the Innovation Project be approved for support,
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the company must confirm its agreement with the final content of the Innovation Project Proposal to be submitted for evaluation by the TCT in accordance with the evaluation criteria.