What is new in Horizon Europe? 8 prerequisites you must know – no. 6.

Alex Chalkley

Alex Chalkley

Founder // CEO

Mutual Insurance Mechanism in Horizon Europe.

Horizon Europe is a €100bn grant funding programme spanning 2021 to 2027 – our blog series provides you with 8 prerequisites you must understand to be successful.

In this, the 6th of our 8 blogs, we are focusing on the Mutual Insurance Mechanism. In short, this is the renamed ‘Beneficiary Guarantee Fund’ which was part of Horizon 2020.

Horizon Europe is a funding opportunity that every SME (Small Medium Enterprise), Public Body, Research Institution and Citizen Group could benefit from. We at IFE understand that the new Horizon Europe funding programme can also be confusing – there are new requirements and areas of focus compared with Horizon 2020. Once you have read this short blog series you will understand what is new in Horizon Europe.

Main Points

The Mutual Insurance Mechanism is a 5% – 8% portion of the first drawdown of grant funding allocated to a project, that is reserved in case of non-compliance by the project participants. The amount (percentage) will be set down in the Grant Agreement (now Corporate Model Grant Agreement under Horizon Europe). In all likelihood, the 5% – 8% retained will be refunded to the project partners at the end of the project, unless there is deemed to be any financial mismanagement.

Under Horizon Europe, this mechanism extends to cover all funding programmes – making the process unilateral across all funding calls from 2021 – 2027. Here is a link to a presentation about the H2020 mechanism for clarity – link.

Conclusion

This Mutual Insurance Mechanism is a compulsory element of any successfully funded project under Horizon Europe and is stated is the Corporate Grant Agreement. In our humble opinion, it will not impact any project that is run according to commission rules and is simply there, as the name suggests, as an insurance mechanism to enable the simple reclaim of 5% – 8% of funding budget in the case of poor financial management / reporting.

Here are some useful links to more information about the topics in this blog:

  • The main Horizon Europe Page is here.
  • Find live calls for funding here.
  • A breakdown of funding by pillar in Horizon Europe is here.
  • Learn more about Impact Funding Europe here.

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Sophie Glaser-Deruelle

Senior Consultant

Sophie is a mission-driven, analytic, and reliable consultant. Her focus is on the development of projects, and writing public funding bids and grant proposals for R&D. She holds an MA in International Relations and European Studies and has a strong background in SME development and enabling SMEs and Start-ups to access markets and funding. Sophie has over 10 years of experience in EU funding and project implementation including international project development, tender and funding proposal writing, policy development, implementation, and project management. At IFE, Sophie is a Senior Consultant and Project Development expert. She aids companies in defining their R&D needs and aligning them to calls, this includes ideation and development of projects, consortium building and writing proposals for EU funding.

Olaf Gerd Gemein

Verocity

Olaf is an entrepreneur since more than 35 years.

Peter Schottes

Eisenschmidt Consulting

Peter holds a PhD in nature science (climate impact research), worked as a project manager for software development and as a freelance consultant. He is managing director and shareholder of Eisenschmidt Consulting Crew in Kiel, Germany. He is a specialist in transformation projects and works as a sparring partner for top executives. His focus in on strategy development, digital transformation and concept development. Peter is active as advisor for StartUps and Angel investor. At IFE he overlooks the entire process of community building, stakeholder management and is also responsible for the project kick-offs.

Alex Chalkley

Venturenomix

Alex has a BSc in Mathematics, Economics & Computing and has already built a market-leading R&D Funding Consultancy in the UK from 2009 to 2019. Alex has developed funding bids, mainly in the form of R&D Grant Applications, that have secured over €60m for clients operating at the forefront of technology innovation. Venturenomix, focuses on supporting Impact Ventures by offering specialist funding related consultancy services to ambitious people seeking funding for good projects. At IFE, Alex is Managing Director and responsible for all aspects of the business, in particular recruiting, mentoring and adding value to the EU Grant Writing Consultants working on multi-million Euro EU Grant Applications.

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