A written agreement between the head of the Managing Authority and the beneficiary for the provision of financial support, by virtue of which and with the consent of the beneficiary, rights and obligations are created for the beneficiary regarding the implementation of the approved project.

Funds that are provided for the purpose of implementing an approved project aimed at achieving certain results/goals.

A person (legal or natural person) who is a recipient of financial funds from EU bodies, the state or other institutions.

A detailed financial plan of all eligible project costs.

Process of verifying and confirming reported costs as eligible.

A project based on the use of high technologies for the production of new high-tech products and/or services. High technologies are those characterized by a high degree of complexity and whose use requires specialized knowledge and skills.

Procedure for recovering unduly spent funds.

A timeline that defines the start, duration, and end of activities.

Vast volumes of structured, unstructured and semi-structured data that are so large and complex that they cannot be processed effectively with traditional data management methods and tools. They require specialized technologies and algorithms to store, analyze and extract value from them.

Innovations based on scientific discoveries and engineering breakthroughs that solve complex global problems. These include artificial intelligence (AI), machine learning (ML), quantum technologies, photonics and optoelectronics, robotics and automation, microelectronics and semiconductors, biotechnology and synthetic biology, new materials and nanotechnologies, nuclear technologies, augmented reality and sensorics (AR/VR, IoT), space technologies and satellite systems, cybersecurity.

Costs that comply with the program rules and can be financed.

A set of actions necessary to achieve goals.

This is aid granted by an EU country or through State resources in any form whatsoever which distorts or threatens to distort competition by favouring certain undertakings or the production of certain goods. (The concept is defined in Article 107(1) of the Treaty on the Functioning of the European Union (TFEU)).

EU financial instruments to support economic and social development.

Individuals or organizations that have an interest or influence on the project.

Quantitative or qualitative indicators to measure progress and results.

The so-called "fourth industrial revolution" is a concept for the digitalization of industry. A transition to new, digital business models and processes in which physical and digital technologies are closely intertwined, allowing enterprises to innovate and generate new values. It encompasses modern trends in automation and data exchange in production technologies and includes internet connectivity and interaction of cyber-physical systems without human participation, processing and analysis of large data sets and decision-making by artificial intelligence, robotics, use of digital clouds, digital modeling and simulation of production processes through virtual reality, intelligent automation, mass production of individualized products.

New technology, production of a new or significantly improved product, new process or method of production, including new marketing or organizational processes.

The percentage of funding relative to the total cost of the project.

A network of connected physical devices equipped with sensors, software, and other technologies that collect, exchange, and process data over the Internet. The goal of IoT is to allow devices to communicate with each other and with users, automating processes, improving efficiency, and providing useful information in real time.

Organization submitting a project proposal.

Reduction of funding due to identified violations.

A model aimed at extending the life cycle of products, in which raw materials are used, products are created from them, they are consumed, and the remains are converted into raw materials again. When a product reaches the end of its life, the materials from which it is composed continue to be used in other ways.

Aid that does not distort or threaten competition or has a negligible effect on it, due to its minimal amount. The "de minimis" regime is defined in Regulation (EU) No 2023/2831, under which the maximum amount of de minimis grant applied for under a given call for funding, together with other de minimis aid already received by the applicant undertaking, cannot exceed the BGN equivalent of EUR 300,000 over a period of three consecutive budget years.

Continuous monitoring of project progress.

Microenterprise – a company with an average number of employees of less than 10 people and an annual turnover not exceeding BGN 3,900,000 and/or an asset value not exceeding BGN 3,900,000.

Small enterprise - a company with an average number of employees of less than 50 people and an annual turnover not exceeding BGN 19,500,000 and/or an asset value not exceeding BGN 19,500,000.

Medium-sized enterprise - a company with an average number of employees of less than 250 people and an annual turnover not exceeding BGN 97,500,000 and/or an asset value not exceeding BGN 84,000,000.

Independent verification of legality and cost-effectiveness.

A strategic document through which EU funds are managed.

A proposal submitted by an applicant for the provision of a grant for the implementation of a specific project, including an application form and other supporting documents.

Is a good or service that is new or significantly improved in terms of its properties or uses and is planned to be introduced to the market.

A set of interrelated and complementary activities with a predetermined goal(s), necessary resources and a timeframe for implementation, leading to the achievement of specific, quantifiable results.

An organization that participates jointly with the beneficiary in the implementation.

The time interval in which the costs are eligible for funding.

Direct and measurable effects from the implementation of activities.

The part of the budget provided by the beneficiary or other sources.

Mechanisms for administration, control and accountability of funds.

The organization that is charged with the overall organization and management of funds under a given program.

Final report on project implementation and costs.

Yes, the initial conversation is free and for orientation purposes.

Yes, our focus is on SMEs and startups.

Yes. From analysis to project submission and reporting.

Funding opportunities are open to a wide range of applicants - private enterprises, municipalities, non-governmental organizations, scientific and educational institutions, as well as partnerships between them. Each fund, each call or procedure has specific conditions and requirements, so it is important to analyze the eligibility and potential of the applicant in advance.

The eligibility of costs is one of the most strictly controlled aspects of any project. Only costs that are directly linked to the activities carried out within the eligible period and supported by correct documentation can be recognized.

NORTAN experts perform detailed verification and ensure compliance with the requirements of the governing authorities, which reduces the risk of financial corrections.

The project cycle goes through several key phases:

1. Analysis of client needs and identification of suitable financing opportunities;

2. Development of a project idea and preparation of a proposal;

3. Assessment and approval by the Managing Authority;

4. Implementation, monitoring and control of activities;

5. Final reporting and sustainability of results.

NORTAN Ltd offers comprehensive support at every stage - from concept to successful completion of the project.

Among the most common errors are incomplete or incorrect documentation, a mismatch between the project objectives, the scope and priorities of the program, as well as incorrect budget structuring, which includes expenses for remuneration, the purchase of equipment and other external services.

Our team conducts a thorough analysis before submitting the project proposal to ensure full compliance and increase the likelihood of approval.

Reporting includes the presentation of detailed technical and financial reports that demonstrate the implementation of activities and the achievement of results.

NORTAN provides methodological and expert support throughout the entire process, from documentation preparation to communication with governing bodies, ensuring accuracy, transparency, and legality at the completion of each project.

NORTAN Ltd. experts, with proven experience in writing technical and financial reports, provide full support in their preparation and reporting to the competent institutions.

Cascading Funding is a mechanism where the European Commission provides funds to a lead beneficiary (usually a consortium), which then distributes part of these funds to third parties (SMEs, start-ups, NGOs, researchers) through open calls for applications.

This type of funding is widely used in programs such as Horizon Europe and Digital Europe and is also known as Financial Support to Third Parties (FSTP) .

Yes, we work with municipalities and municipal enterprises , providing expert support in project development and implementation, including strategic planning, application and subsequent management.

Yes, we work with non-governmental organizations , including foundations and associations, in preparing and implementing projects in areas such as social activities, education, culture, innovation and sustainable development.

Yes, in addition to SMEs, municipalities and NGOs, we also work with:

• universities and scientific organizations;

• public institutions and agencies;

• startups and innovative companies;

• consortia and partnerships on international projects.

Co-financing is the part of the project budget that is not covered by European funding and is provided by the beneficiary or other sources.

These are costs that:

• are directly related to the project;

• were made within the eligibility period;

• comply with the rules of the relevant program;

• are duly documented.