If my project is selected, what can I expect in terms of monitoring and reporting?

Co-financed companies will be required to provide LuxDev with half-yearly technical and financial reports. These reports will focus on the results indicators and targets proposed by the companies in their application, agreed with LuxDev and mentioned in the annexes to the co-financing contract. The achievement of certain results will trigger co-financing payment instalments. Following each report (semi-annual or final), the company will be invited to participate in a brief meeting (virtual or in situ) with the LuxDev team and the Luxembourg Embassy in the country. In order to evaluate the results of selected projects and improve learning, LuxDev reserves the right to request on-site visits by its staff, as well as external evaluations.

Based on the progress observed, LuxDev will select certain projects for external impact assessment.