Procedure for applying VIP cash subsidy

  1. Step 1

    Preliminary consultations

    Preliminary talks with HIPA, making project to match and be optimised to meed eligibility criteria

  2. Step 2

    Submission of application

    Compliation and submisson of application and its annexes to HIPA

  3. Step 3

    Letter of acceptance

    Checking the application and acceptance of the same.
    Sending of letter of acceptance to the applicant..
    Official commencement of the research-development project.

  4. Step 4

    Support offer

    Issuance of the support offer from the government and sending the same to the applicant. (validity: 3 months)

  5. Step 5

    Acceptance of offer

    Acceptance of the support offer, sending official notice to HIPA and the government.

  6. Step 6

    Preliminary checks

    Collection of information necessary for entering into contract in line with the HIPA list.
    On-site audit on the proposed site of implementation, taking also a record of its findings

  7. Step 7

    Contracting

    Drafting a contract
    Obtaning an opinion about the draft contract, and finalisation of the contract.
    Official signature of the contract

  8. Step 8

    Effective date

    Issuance of official documents (90 days)
    Commencing the drawdown of the subsidy

  9. Step 9

    Accounting

    Creating a project file
    Management of project documentation
    Verification of financial documents
    Preparation of payment requests
    Preparation of professional reports
    Conducting an on-site inspection

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