IF Project Budget Preparation Guidelines Version 2.

0, April 12, 2012

MINI GRANTS Program

IF Project Budget Preparation Guidelines Version 2.0, April 12, 2012

Please note that reporting to the Innovation Fund in quarterly reports is on cash-basis accounting, not accrual accounting principles.* No depreciation will be provided in these statements as per IF Financial Management requirements. Similarly, salaries should be recognized as an expense at the moment of payment. The Awardee must provide co-financing in the amount of at least 15% of total project costs payable at the beginning of each quarter in the amount of at least 15% of the quarterly budget. Project Budget includes training cost in the amount of EUR 8,000. Please input budget figures in the yellow highlighted cells in the Input Budget Figures worksheet, and allocate the appropriate engagement percentage for each quarter. Budget per Quarter Calculations worksheet is calculated automatically from the input cells in the Input Budget Figures. *Expenditure recognition on a cash basis means that the Awardee (i.e. the company) records expenses in financial accounts as cash is paid out for purchases, and in the same manner, the fixed assets held by the Awardee are shown in the project budget (or in financial reports prepared for the IF) at the cost at the moment of purchase. Please note: The company is responsible for the accuracy of the financial information provided in these worksheets.

Input sheet for PROJECT BUDGET Project duration: Company name: Project IF ID: From date (DD.MM.YEAR) To date (DD.MM.YEAR)

Total budget of the project (EUR) Co-financing amount (min 15% of total project cost, excluding training paid by IF, EUR)

0.00

Duration

days

0.00

0.00%

of total budget without training paid by IF Q1 (EUR) Q2 (EUR) 0.00 Q3 (EUR) 0.00 Q4 (EUR) 0.00 Total project duration 8,000.00

Total Expenses attributable to the project

0.00

Allocation of co-financing funds per quarter as % of total budget per quarter (excluding training) Financed by the IF 0.00% 0.00 0.00%
Cost Component I. Salaries Gross Monthly Salary (EUR) Q1 engagement % Q2 engagement % Q3 engagement % Q4 engagement %

0.00 0.00% 0.00 0.00% 0.00% 0.00 0.00% 0.00% 0.00 0.00% 0.00%

Employee's name

Employee's Profession

% of engagement on the project 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Employee 1 Employee 2 Employee 3 Employee 4 Employee 5 Employee 6 Employee 7 Employee 8 Employee 9 Employee 10 I. Sub-total II. Small equipment and R&D supplies Cost per unit (EUR) Total cost per item (EUR) Input split per quarter (EUR) Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) 0.00

II.A. Purchased equipment description

No. of units

Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8 Item 9 Item 10 II.A. Sub-total 0.00 Input split per quarter (EUR) Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR)

II.B. Leased or rented equipment description

No. of units

Cost per unit (EUR)

Total cost per item (EUR)

Item 1 Item 2 Item 3 Item 4 Item 5 II.B. Sub-total 0.00

III. Offices and business support Description No. of months Cost per month (EUR) Total cost per item (EUR) Input split per quarter (EUR) Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR)

Item 1 Item 2 Item 3 Item 4 Item 5 III. Sub-total IV. R&D services, subcontracts Description of subcontract for R&D service, Name of subcontractor, and Country Subcont. 1 Subcont. 2 Subcont. 3 Subcont. 4 Subcont. 5 IV. Sub-total V. R&D experts/advisors Service to be performed Name of consultant Daily rate (EUR/Day) Total no. of days during the Project Total cost per item (EUR) Input split per quarter (EUR) Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) 0.00 No. of months subcontracting Monthly Cost per Subcontractor (EUR) Total cost per item (EUR) Input split per quarter (EUR) Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) 0.00

Consult. 1 Consult. 2 Consult. 3 Consult. 4 Consult. 5 V. Sub-total VI. Patent application and fees, certifications Describe the activity Name of institution Total cost per activity (EUR) Input split per quarter (EUR) Q1 (EUR) Q2 (EUR) Q3 (EUR) Q4 (EUR) 0.00

Item 1 Item 2 Item 3 Item 4 Item 5 VI. Sub-total VII. Training paid by IF Total cost per activity (EUR) 0.00

Describe the activity

Item 1

Training VIII. Sub-total

8,000.00 8,000.00

Company name: Project IF ID: Total budget of the project (EUR) Co-financing (min 15% of total Project cost, EUR) Cost Component I. Salaries Employee's name Employee's Profession Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 I. Sub-total II. Small equipment and R&D supplies II.A. Purchased equipment description Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 II. A. Sub-total 0.00 Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 II.B. Sub-total 0.00 0.00 0.00 0.00

Project duration: From date (DD.MM.YEAR) Duration of total budget

To date (DD.MM.YEAR) days

Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cost Attributable to Project (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Employee 1 Employee 2 Employee 3 Employee 4 Employee 5 Employee 6 Employee 7 Employee 8 Employee 9 Employee 10

Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00

Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00

Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00

Total cost per item (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total cost per item (EUR) 0.00 0.00 0.00 0.00 0.00 0.00

Item 1 Item 2 Item 3 Item 4 Item 5 Item 6 Item 7 Item 8 Item 9 Item 10

II.B. Leased or rented equipment description Item 1 Item 2 Item 3 Item 4 Item 5

III. Offices and business support Description Item 1 Item 2 Item 3 Item 4 Item 5 III. Sub-total IV. R&D services, subcontracts Description of subcontract for R&D service Subcont. 1 Subcont. 2 Subcont. 3 Subcont. 4 Subcont. 5 IV. Sub-total V. R&D experts/advisors Service to be performed Consult. 1 Consult. 2 Consult. 3 Consult. 4 Consult. 5 V. Sub-total VI. Patent application and fees, certifications Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 VI. Sub-total VIII. Training paid by IF Describe the activity Total cost per item (EUR) 8,000.00 VIII. Sub-total 8,000.00 0.00 Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Total cost per item (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Total cost per item (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Total cost per item (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q1 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q2 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q3 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Q4 (EUR) 0.00 0.00 0.00 0.00 0.00 0.00 Total cost per item (EUR) 0.00 0.00 0.00 0.00 0.00 0.00

Describe the activity

Item 1 Item 2 Item 3 Item 4 Item 5

Item 1

Training

Q1 (EUR) Total Expenses attributable to the project 0.00

Q2 (EUR) 0.00

Q3 (EUR) 0.00

Q4 (EUR) 0.00

Total project duration

8,000.00

Allocation of co-financing funds per quarter as % of total budget per quarter (excluding training) Financed by the IF

0.00 0.00% 0.00 0.00%

0.00 0.00% 0.00 0.00%

0.00 0.00% 0.00 0.00%

0.00 0.00% 0.00 0.00%

0.00 0.00%