The objective of Finance-NMS-IST is to enhance the successful participation of New Member State Organisations in the IST Program by addressing the financial and budgetary aspects of participation. The Marimon report of 21 June stated that 'Administrative procedures and financial rules should be significantly simplified and further improved' - having identified the negative impact the new financial regulation was having on such participations. In the initial Calls of FP6 the target organisations were disadvantaged by a combination of poor budgeting and lack of knowledge of the financial regulation as applying to themselves.
This frequently resulted in missed opportunities as well as grossly underbudgeting their own involvement when successful. Financial personnel within SMEs and other organisations in the 10 New Member States will be assisted in interpreting and implementing the financial rules and regulations of FP6 to their benefit. The organisations will include local accounting companies, commercial organisations and academic institutions. This is so that they will be able to assist their own organisations or clients both in the computation of optimal correct budgets as well as to ensure correct understanding of the financial responsibilities in entering into an EU contract. Working in coordination with each local NCP, Finance-NMS-IST will train the financial personnel in FP6 financial rules and regulations. Finance-NMS-IST will use accountants and consultants with experience in FP6 rules and regulations.
They will share their experiences and tools to assist and train the organisations through seminars, one to one consulting sessions and help-desk facilities. This is to ensure that not only is the correct amount budgeted, but that it can also be eventually correctly realised. Finance-NMS-IST will coordinate closely with existing NMS support projects (IST-Mentor+, GET-IN, Idealist34, EUROPEAN IST etc.) so as to complement their activities.
Funding SchemeSSA - Specific Support Action
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