How ACN provides its contribution

CONDITIONS AND TERMS FOR THE PROVISION OF NON-REPAYABLE GRANTS BY THE AGENCY

The contribution granted for the validation activity will be paid during the course of the project on the basis of the milestones achieved.

In particular, the following methods of disbursement of the contribution are envisaged:

▪ a first instalment of €30,000.00 (thirty thousand/00), following the signing of the Grant Agreement with the selected start-up;

▪ a second instalment of €20,000.00 (twenty thousand/00), following completion of the planned validation activities, taking into account the procedures and timelines specified in the Grant Agreement.

To this end, the selected Startup must submit the following to the Agency:
a) certification by the Operator of the Startup’s actual participation in the Operator’s incubation and/or acceleration programme;
b) documentation certifying the progress of the validation activities and the results achieved, possibly drawn up on specific forms made available by the Agency itself.