At the beginning of a ERC projects, 5% of the maximum contribution will be offset from the pre-financing and transferred to the Guarantee Fund as a financial contribution from the beneficiary. The Guarantee fund aims at covering financial risks and specifically non-reimbursement of amounts due by a beneficiary. At the end of a project, the beneficiary usually recovers its full contribution to the Guarantee Fund.
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Yes. Under the ERC 2019 Work Programme, the financial contribution will be awarded as a lump sum of €150 000 for a period of 18 months. The ERC expects that normally PoC projects should be completed within 12 months. However, to allow for those projects that require more preparation time, projects will be signed for 18 months. Given this initial flexibility, extensions of the duration of proof of concept projects may be granted only exceptionally.
More information can be found in the Multi-Beneficiary Model Grant Agreement for the ERC PoC Lump Sum Pilot (H2020 ERC MGA PoC Lump Sum Pilot — Multi & Mono).
Yes, submitting an application with a spin-off company as Host Institution (HI) is feasible, as long as it complies with the eligibility criteria for an eligible HI defined in the ERC Work Programme 2019. The HI of the ERC Proof of Concept (PoC) proposal does not have to be the same as the HI of the main frontier research Grant.
