1. Administration of a NICe funded project Contract Economic issues Reporting

2. From EOI to Project in NICe EOI Application Decision by board Cooperation agreement Signed revised budget Contract signed Invoice: 50% of grant first year

3. The contract Principles: –Clear, easy to understand General terms and conditions 6 annexes –Dynamic –The essential: The core of the project Marked oriented outcome NICes interest in the project

4. General terms and conditions www.nordicinnovation.netwww.nordicinnovation.net > Application process Basis for the agreement between the project and NICe Some important elements: –Project owner –Project manager –Steering group –Cooperation agreement –Material changes –Changes of lesser significance –Milestone plan and deliverables –Results and rights

5. Economy –Changes in budget –Disbursement: When contract is signed: 50% of first year’s grant Status report: Reminding 50% + 50% of next year’s grant Finalization of project: Reminding 50% All deliverables have been fulfilled + reports approved Disbursed against invoice NICe make payments to project manager only

6. Accounts Each project keep their own accounts of their actual costs Project manager keeps overall account for the entire project Audited financial report by end of project

7. Reporting routines Why report? –Are you sticking to the plan? –Economy –Because NICe is interested –Because what you do is important and interesting

8. When to report Status reporting –End of calendar year –Deadline: Jan. 20, 2007 When project is finalized –Deadline: within date of project finalization

9. Status reporting Milestone/activity plan Deviations/challenges/problems Economic report Indications, preliminary results and conclusions

10. Project finalization Administrative report Expert report

11. NICe Report Goal: Create a well-known, high quality series of Nordic publications within the theme innovation. General: -Language: English -First 1-7 pages: NICe guidelines -Target group: the public -The rest of the report: Formed after your wishes and needs