Phase 1 is funded as a flat fee of €50,000 for the purpose of performing a feasibility study.

Phase 2, while being flexible with €500,000 to €5,000,000 in funding, is also paid as 70% of the total projects costs.

The reason for the remaining 30% is that the EU wants to fund companies that are able to allocate the remaining investments or already have revenues as opposed to companies that do not have the means to do so.

In summary, the remaining 30% would be covered through private investors, product revenues or through private funds.