First seed money projects ready for approval

The approval procedure of the first seed money projects was launched on 28 May. Decisions are expected to be taken by the end of June.

For the first decision making round, 25 eligible applications were received by the Seed Money Secretariat. The project proposals are covering ten priority areas (Innovation, Energy, Health, Education, SME, Tourism, Bio, Agri, Culture, and Transport) and two horizontal actions (Neighbours, and Sustainable Development / Bio-economy).

In this decision making round, no more than 50% of the available Facility financing can be allocated. This means that a total of 572.000,00€ is available for projects. The second financial decision will be taken in autumn 2013.