Frequently Asked Questions
What is the minimal amount for the co-funding in case the requested Copernicus Incubation Programme funding is €50.000?
The Copernicus Incubation Programme will reimburse 85% of your costs, up to €50.000. For example, if you declare €58.823,50 of eligible costs for your project:
- You will receive €50.000 from the EU.
- The remaining €8.823,50 shall be covered by your own fund or a third party, such as your incubator/accelerator.
The Commission will give you 50% at the beginning of the programme as a pre-payment (i.e. up to €25.000) and the remaining at the end of the programme, based on reported costs.
What are possible sources for the 15% co-funding?
Any source is eligible: a business angel, a subsidy programme, investors, another incubation programme (e.g. ESA BIC, university accelerator) or the start-up itself.
Can the Copernicus Incubation Programme funding be combined with other funding programmes?
Yes. The Copernicus Incubation Programme allows the combining of funding schemes, as long as the funding is used for other start-up activities and cost positions. That means, you can’t report the same cost position/spending in two different programmes.
Is it possible to have a preliminary support letter, awaiting the selection process of the support program?
The signed support letter with an application and compliance checklist is a precondition to apply to the Copernicus Incubation Programme, as it is a commitment from the incubator/accelerator to support you.
We don’t accept applications without a signed support letter and information material on the support programme.
Is reporting expected from the incubator and support programme during the Copernicus Incubation Programme?
The incubator is not expected to report during the course of the Copernicus Incubation Programme, as we realize this is too time-consuming.
However, we do follow up on the process by getting in touch with the incubators directly and check up on the progress and activities of the start-up.
Should your application contain an overview of all costs, also the costs funded by the co-funding?
Yes, you should state your total project budget. The costs you will use the Copernicus funding for + the costs you will use the co-funding for. Needless to say these costs cannot overlap.
How long does it take to get the funding?
The pre-financing payment is done shortly after the contract is signed, which is about 4-6 weeks after the announcement of the evaluation results.
If you have additional questions, please send them to email@example.com. We answer questions on Thursdays in the afternoon. If you haven’t received an answer after a week, then give us a call on +32 3 250 19 00.
The next deadlines for your application are the 29th of May 2020. Please do keep in mind that we stop answering questions two weeks before the deadlines, so until the 2nd of November and the 1st of February in order for you and your competitors to ask us your questions on time so you have enough time to fill in all the necessary forms. Good luck!