CHAPTER IV U.K. Governance

Article 18 U.K.Tasks of the implementing body

The implementing body designated in accordance with Article 17(1) may be entrusted with the overall management of the call for proposals, the disbursement of the Innovation Fund support, and the monitoring of the implementation of selected projects. For that purpose, the implementing body may be entrusted with the following tasks:

(a)

organising the call for proposals;

(b)

organising the application procedure, including collecting the applications and analysing all the supporting documents;

(c)

organising the project selection, including the project evaluation or the due diligence assessment and ranking;

(d)

advising the Commission on the projects to be awarded the Innovation Fund support and on projects to be included in the reserve list;

(e)

awarding or providing project development assistance;

(f)

signature of the grant agreements and other contracts depending on the form of Innovation Fund support;

(g)

preparing and managing the contractual documentation concerning the awarded projects;

(h)

checking if the conditions for the financing are met and disbursing the Innovation Fund revenues to the project proponents;

(i)

monitoring of the project implementation;

(j)

communicating with the project proponents;

(k)

reporting to the Commission, including on general orientation for the further development of the Innovation Fund;

(l)

financial reporting;

(m)

information, communication and promotion actions, including the production of the promotion materials, and the development of the Innovation Fund logo;

(n)

management of knowledge sharing;

(o)

supporting the Member States in their efforts to promote the Innovation Fund and to communicate with the project proponents;

(p)

any other tasks relating to the implementation of the Innovation Fund