GLOSSARY

AREAS |

  • Access to non-grant finance
  • Business planning and management skills
  • Financial management
Balance sheet

A document that depicts the situation in a company in that moment. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.

AREAS |

  • Access to non-grant finance
  • Business planning and management skills
  • Financial management
Banks

A financial institution that mediates in payment operations and money is the main product for them. It is a financial institution that accepts deposits from the public and creates credit.

AREAS |

  • Marketing / promotion
Branding

Branding is the process of giving a meaning to specific company, products or services by creating and shaping a brand in consumers’ minds. It is a strategy designed by companies to help people to quickly identify their products and organization, and give them a reason to choose their products over the competition’s, by clarifying what this particular brand is and is not. https://www.thebrandingjournal.com/2015/10/what-is-branding-definition/

AREAS |

  • Access to non-grant finance
  • Business planning and management skills
  • Financial management
Budget

A budget is an estimation of revenue and expenses over a specified future period of time.

AREAS |

  • Access to non-grant finance
  • Business planning and management skills
  • Financial management
Business angels

An angel investor provides financial backing for small startups or entrepreneurs. They are looking for a business or good idea to invest their savings usually in return they get a shareholding in the business.

AREAS |

  • Business planning and management skills
  • Marketing / promotion
Business management

Management in all business areas and organizational activities are the acts of getting people together to accomplish desired goals and objectives efficiently and effectively.

AREAS |

  • Access to non-grant finance
  • Business planning and management skills
  • EU programme awareness
  • Financial management
Business plan

It is a roadmap for your business that outlines goals and details how you plan to achieve those goals.

AREAS |

  • EU procurement / tenders
  • EU programme awareness
  • EU Single Market
Call (also: call for proposals, call for applications or call for tenders)

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding. There are several types of calls (with special submission or evaluation schemes): 2-stage calls calls with multiple cut-off dates invitations to submit a proposal Calls are often divided in topics (call and topic are often used as synonym). Source: European Commission, H2020 Participant Portal http://ec.europa.eu/research/participants/portal/desktop/en/support/reference_terms.html

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