Public Funding Program Lifecycle: From Needs Analysis to Impact Assessment

Study of Socioeconomic Problems and Needs: D: An analysis of socioeconomic needs is conducted to identify the issues that public funds should address.R: It is crucial to ensure that funds are allocated to areas that truly need them, aligning program objectives with the real needs of society.Issuance of Call for Proposals Terms and Conditions:D: Objectives, beneficiaries, eligible concepts, and deadlines of the call are defined.R: This stage ensures transparency and clarity in eligibility criteria and program objectives, facilitating the participation of companies and other interested parties.Publication of the Call:D: The call is made public so that interested parties can submit their applications.R: It is fundamental to ensure that all stakeholders have access to information and can participate on equal terms.Submission of Applications:D: Companies and other applicants submit their projects within a period of 15-30 days.R: This is the moment when companies directly intervene by submitting their proposals to obtain funds.Review of Application Phase:D: Received applications are evaluated to determine their eligibility and compliance with the terms of the call.R: Ensures that only projects meeting established requirements are considered for funding.Resolution:D: Decisions are made regarding the approval or rejection of applications.R: It is the culmination point where the projects to receive funding are decided. For the company, this resolution will determine whether it can proceed with its funded project.Execution of Projects by the Applicant:D: Beneficiary companies carry out the approved projects.R: Here, the company is responsible for implementing the project as approved, using funds effectively and efficiently.Justification of Investments:D: Companies must justify how funds have been used and demonstrate that project objectives have been met.R: Ensures transparency and accountability regarding the use of public funds.Review of Justifications:D: Justifications submitted by companies are reviewed to verify that funds have been used correctly.R: This stage is crucial for detecting and correcting possible irregularities, ensuring that public resources have been used appropriately.Study of the Socioeconomic Impact of the Program:D: The impact of the program and funded projects on society is evaluated.R: Allows measuring the program's effectiveness and the return on public investment in terms of socioeconomic benefits.Relaunch of the Call:D: Based on studies and evaluations, the call can be relaunched adjusted to new needs or improved in its terms.R: Ensures the continuity and improvement of public funding programs, adapting them to lessons learned and new realities.