The Research and Innovation Foundation announces the completion of the the 1st Stage of Evaluation of the Proposals submitted under the Program “DEVELOPMENT OF INTERNATIONALLY COMPETITIVE INNOVATIVE PRODUCTS AND SERVICES BY STARTUPs” in the frame of the Call for Proposals «SEED-COVID/0420».

The results of the evaluation of proposals can be accessed here.

As described in the RESTART 2016-2020 Work Programme, the Proposals for this Programme were evaluated in two stages. In the first stage, each proposal was evaluated remotely by two (2) experts in the area with good understanding of the relevant business environment. Proposals that received a score of at least 12.00 / 15.00 proceed to the second stage. In cases where the difference in the score was greater than 3.00 / 15.00 and the scores were not both below 12.00 / 15.00, then the proposal was forwarded to a third evaluator.

The second stage of the proposal evaluation procedure is carried out by an Independent Evaluation Committee, formed by experts with business backgrounds. During the second stage of the evaluation procedure, a member of the team presents the project to the Committee via an online platform. The Committee may request clarifications and discuss the content of the proposal with the team in charge of project implementation. The final decision regarding the selection of a proposal for funding is at the discretion of the Committee.

Upon completion of the procedure, the relevant Evaluation Report will be communicated to the Project Coordinator, stating the rationale behind the Committee’s decision. The Committee’s decision is final and there is no option for redress.

The Coordinators and Legal Representatives of the proposals have already been informed about the results of the evaluation of their Proposal through the IRIS Portal.