Economic potential is one of the key project evaluation criteria in many grant programmes. It refers to the capacity of an innovative element to generate economic value that extends beyond the borders of a single EU member state.
Economic potential is evaluated based on:
- market application across various member states
- job creation and investments
- strengthening EU competitiveness
- cross-border secondary cooperation (subcontracting, research and development)
- provision of Letters of Intent from partners in other EU countries.