3 sources of financing
The funding for the projects within PAC comes from 3 sources:
one part is the in-kind - contribution from the scientific partners,
a major part of the costs is funded by the company partners, who contribute in form of cash and in-kind,
and an other major part is provided by public funding from the governments of Austria (BMVIT, BMDW) and the Federal States of Upper Austria and Lower Austria.
The project is set within the Competence Centers for Excellent Technologies Program (COMET)
and is administered by the Austrian Research Promotion Agency (FFG).
COMET – Competence Centers for Excellent Technologies
COMET - Competence Centers for Excellent Technologies
PAC is set within FFG's COMET - funding-progam.
The strategic objectives of COMET are: developing new expertise by initiating and supporting long-term research co-operations between science and industry in toplevel research, and establishing and securing the technological leadership of companies. By advancing and bundling existing strengths and by integrating international research expertise Austria is to be strengthened as a research location for the long term.