Micro projects aim either to make necessary preparatory actions for development and investment projects or to undertake surveys or pre-feasibility studies to justify activities within larger projects. A micro project may aim at a larger project within the Karelia CBC Programme context or in other financial instruments.
The maximum total cost of a micro project is 50,000 euros. Note that this amount includes 90% of Programme financing. In other words, the maximum Programme financing for micro projects is 45,000 euros. In any case, a minimum of 10% own contribution is needed.
The implementation period of a micro project may not exceed 12 months.
Micro projects are also cooperation projects, and the partnership requirements for cross-border cooperation apply: at least two organisations are needed, one from each side of the border.
Micro projects are connected to Priorities 1 (Growing cross-border business cooperation) and 3 (Clean and comfortable region to live in), and projects should be clearly connected to the objectives of the chosen priority.