GLOSSARY

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  • EU procurement / tenders
  • EU programme awareness
  • EU Single Market
Loan

Makes available an agreed sum of money for an agreed period of time. The borrower is obliged to repay that amount within the agreed time. A typical debt instrument offered typically by commercial banks and other traditional financial intermediaries. Source: European Commission, H2020 Participant Portal http://ec.europa.eu/research/participants/portal/desktop/en/support/reference_terms.html

AREAS |

  • EU programme awareness
  • EU Single Market
  • EU wide tools and resources
Local Action Group (LAG)

The local action group promotes the development strategy in the area and is responsible for implementing it. The local action group is neither a public administration nor a private entity. The LAG represent the interests of the development players and communities concerned. Together they establish a joint strategy and implement the development programme, based on the widespread engagement of the entire community and on a search for integration. The LAG has decision-making powers and a budget. Source: LEADER Teaching kit booklet, Chapter 5: https://enrd.ec.europa.eu/sites/enrd/files/leaderii_teaching-kit_booklet-chap5.pdf

AREAS |

  • EU programme awareness
  • EU Single Market
  • EU wide tools and resources
Local Development Strategy (LDS)

A Local Development Strategy (LDS) is a community-led plan. It is developed and driven by rural communities, through the Local Action Groups (LAGs), setting out its vision and objectives for the area. The objectives will be delivered by the Local Action Group for the area and any project funded must be in line with the priorities identified in the Strategy. Source: Department of Culture, Heritage and the Gaeltacht (Ireland): https://www.chg.gov.ie/rural/rural-development/leader/local-development-strategies/

AREAS |

  • ICT literacy skills
Malware

Short for "malicious software," malware refers to software programs designed to damage or do other unwanted actions on a computer system. Common examples of malware include viruses, worms, trojan horses, and spyware. You can install anti-virus and anti-spyware utilities on your computer that will seek and destroy the malicious programs they find on your computer. Source: https://techterms.com/definition/malware

AREAS |

  • ICT literacy skills
  • Marketing / promotion
Marketing

Marketing is the activity and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners in order to buying and selling a product or service.

AREAS |

  • Marketing / promotion
Marketing campaign

Marketing campaigns promote a product through different media, including television, radio, print and online platforms. Campaigns don't have to rely solely on advertising and can also include demonstrations, word of mouth and other interactive techniques. Businesses operating in highly competitive markets may initiate frequent marketing campaigns and devote significant resources to generating brand awareness and sales. https://www.investopedia.com/terms/m/marketing-campaign.asp

AREAS |

  • Business planning and management skills
  • EU programme awareness
  • EU wide tools and resources
  • Financial management
Matching Funding or Match Funding

The stipulation set by a grant-providing body that the recipients of a grant raise a certain percentage of the money they require, generally a sum more or less equal to that of the sum of money being granted. Source: Collins Dictionary

AREAS |

  • EU procurement / tenders
  • EU programme awareness
  • EU Single Market
  • EU wide tools and resources
Micro-enterprise

A micro-enterprise (or microenterprise) is generally defined as a small business employing nine people or fewer, and having a balance sheet or turnover less than a certain amount (e.g. 2,000,000 euros or PhP 3,000,000). The terms microenterprise and microbusiness have the same meaning, though traditionally when referring to a small business financed by microcredit the term microenterprise is often used. Similarly, when referring to a small, usually legal business that is not financed by microcredit, the term microbusiness (or micro-business) is often used. Internationally, most microenterprises are family businesses employing one or two persons. Most microenterprise owners are primarily interested in earning a living to support themselves and their families. They only grow the business when something in their lives changes and they need to generate a larger income. According to information found on the Census.gov website, microenterprises make up 95% of the 28 million US companies tracked by the census.

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