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> Had an EU grant covering our costs during that period. In 2015, I invested about 200h into it (mostly answering support emails and dealing with taxes) and mad
by vram22 11y ago
> Had an EU grant covering our costs during that period. In 2015, I invested about 200h into it (mostly answering support emails and dealing with taxes) and made about 20k€ this year.
How is it that the EU gives grants to for-profit companies? Is it to encourage business growth so the GDP goes up?
I'm talking about a "grant" which seems to imply gratis, free money, as opposed to a loan that has to be paid back, which is available in most countries.
- mherrmann 11y agoYes, it is to encourage growth. The grant was gratis (ie. we didn't have to pay it back) but did come with a lot of administrative bullshit (maybe a third of one man lower over the course of two years).
- vram22 11y agoGot it, thanks. Surprising that the admin stuff takes so much time. I guess they want to make sure that the money is being well spent, i.e. you are running the business "properly".