Navigating Financing of Innovation with Privanova’s Access to Funding Services

The European Union (EU) offers a wealth of funding opportunities to support businesses of all sizes, from startups to established corporations, such as Horizon Europe. By tapping into these resources, you can fuel your growth, enhance your market position, and drive positive change.

There are two different types: direct funding and indirect funding.

Direct funding

You can apply for grants and contracts managed by the European Commission on the Funding and Tenders portal or the European Institute of Innovation & Technology website.

Grants

Grants are given to specific projects that relate to EU policies, usually following a public announcement known as a call for proposals.

Contracts

Contracts are issued by EU institutions to buy services, goods or work that they need for their operations – such as studies, training, conference organisation or IT equipment.

Indirect funding

Indirect funding is managed by national and regional authorities and comprises nearly 80% of the EU budget, through the European Structural and Investment Funds or the Recovery and Resilience Facility.

Privanova's tailored innovation management services can help you navigate the complex EU funding landscape, from identifying the right opportunities to building a strong consortium to implementing your projects successfully.

The Benefits of EU Funding

The European Union (EU) offers a wealth of funding opportunities that can propel your business to new heights. From substantial financial resources to support innovative projects, to a diverse range of funding programs tailored to various sectors and stages, EU funding can reduce reliance on traditional sources and mitigate financial risk.

Additionally, by associating your business with EU-backed initiatives, you can enhance your reputation, attract new customers and investors, and expand your market presence through international collaborations and knowledge exchange.

The Challenges of Securing EU Funding

While EU funding presents immense opportunities, navigating the complex application process can be daunting:

• Complex Application Procedures: Understanding eligibility criteria, preparing comprehensive proposals, and adhering to strict deadlines can be time-consuming.

• Intense Competition: Competing with numerous organizations for limited funding requires a strong, well-articulated proposal.

• Administrative Burden: Managing administrative tasks, financial reporting, and compliance requirements can divert valuable resources from core business activities.

How Privanova Can Help?

Privanova is a leading provider of innovation management and access to funding services. We have a team of experienced professionals who can help you navigate the EU funding landscape and increase your chances of success.

Our four-step process ensures seamless access to EU funding:

1. Requirement Analysis: We conduct a thorough analysis of your specific needs and goals to identify the most suitable EU funding opportunities.
2. Proposal Drafting: Our expert team crafts persuasive proposals that highlight your project's innovation, impact, and financial viability. We meticulously prepare and submit your application to meet all deadlines and requirements.
3. Consortium Building: We facilitate the formation of strong partnerships with relevant organisations, ensuring your project has the necessary expertise and resources to succeed.
4. Evaluation and Submission: We provide ongoing support throughout the project lifecycle, including administrative tasks, financial management, and compliance. We also assist with complex consortium management and electronic submission processes.

By leveraging our expertise, you can maximise your chances of securing EU funding and achieving your project objectives.

Administration, Finance & Reporting

We can help you navigate the complexities of EU project administration, finance, and reporting. Our expert team provides tailored solutions to ensure compliance with EU regulations and maximize your project's impact. Our services include initial budget planning, financial management, cost justification, financial control, and the preparation of timely and accurate periodic and final reports. By entrusting us with your administrative and financial needs, you can focus on achieving your project goals while maintaining compliance and maximizing the impact of your EU funding.
 

If you are interested in learning more about how Privanova can help you secure EU funding, please send us an email at contact@privanova.com.