Financials

(i) The UKF’s approved projects will be financed according to the signed UKF Grant Agreement between the beneficiaries, project leader, CSF and MSE. Payments are approved by the UKF Program Manager and by CSF Director and carried out by PMU. Payment modality will be regulated by UKF Grant Agreement and will depend on type of grant received.

(ii) The resources envisioned within Second Science and Technology Project for UKF programs are 4,77 million EUR. The sub-financing expenses are based on the estimation of the average costs per individual grants and their anticipated duration. The allocation of expenses between programs will depend on the quality of projects received within single call for proposal.