With this procedure, the Contracting Authority assigns to the Fund Manager the execution of the Financial instrument. The Fund Manager will perform services, the scope of which is defined below, in accordance with the applicable standards and their subsequent amendments and updates:
 - Preparation and carrying out of actions for the establishment of an AIF in a jurisdiction of its choice in an EU country, in which investors can invest;
 - Management of the established AIF;
 - Raising commitments and funds from independent private investors, at the Fund level and/or at the level of Final recipients, depending on the nature of its proposal;
 - Identification of eligible Final recipients, analysis of the investment's viability, as well as structuring, negotiating, and executing financing from the FSPDC in accordance with the signed Operational Agreement;
 - Monitoring and control of the performance of the enterprises in which investments are made, including: supporting the Final recipients in their activities, making Follow-up investments (if applicable), managing investments whose development is below expectations, and others;
 - Executing Exits from the investments made, in accordance with what is outlined in the Investment strategy, exit strategy, Operational Agreement, and this Documentation;
 - Ensuring the appropriate distributions to the Fund Manager and to the Investors;
 - Organizing the liquidation of the FSPDC after the expiration of its designated term, with the care of a good merchant (i.e., in an organized and responsible manner), in accordance with the requirements of the Operational Agreement.
In addition, in the implementation of the Financial instrument, the Fund Manager will:
 - Apply the rules of the operator criterion under market economy conditions, as defined in Section 4.2 of the Notification or the rules for granting minimal assistance according to de minimis Regulation;
 - Apply the Eligibility requirements for Final recipients and investments;
 - Provide timely and reliable reporting, in accordance with the requirements of the Operational Agreement;
 - Ensure compliance with other applicable conditions agreed in the Operational Agreement;
 - Ensure compliance with other applicable EU and national acts concerning the EFSU.

LOT-0001
Implementation of the financial instrument 'Fund for Start-up Enterprises of Students and Doctoral Candidates', financed by resources from the 'Education' Program 2021-2027.
With this procedure, the Contracting Authority assigns to the Fund Manager the execution of the Financial instrument. The Fund Manager will perform services, the scope of which is defined below, in accordance with the applicable standards and their subsequent amendments and updates:
 - Preparation and carrying out of actions for the establishment of an AIF in a jurisdiction of its choice in an EU country, in which investors can invest;
 - Management of the established AIF;
 - Raising commitments and funds from independent private investors, at the Fund level and/or at the level of Final recipients, depending on the nature of its proposal;
 - Identification of eligible Final recipients, analysis of the investment's viability, as well as structuring, negotiating, and executing financing from the FSPDC in accordance with the signed Operational Agreement;
 - Monitoring and control of the performance of the enterprises in which investments are made, including: supporting the Final recipients in their activities, making Follow-up investments (if applicable), managing investments whose development is below expectations, and others;
 - Executing Exits from the investments made, in accordance with what is outlined in the Investment strategy, exit strategy, Operational Agreement, and this Documentation;
 - Ensuring the appropriate distributions to the Fund Manager and to the Investors;
 - Organizing the liquidation of the FSPDC after the expiration of its designated term, with the care of a good merchant (i.e., in an organized and responsible manner), in accordance with the requirements of the Operational Agreement.
In addition, in the implementation of the Financial instrument, the Fund Manager will:
 - Apply the rules of the operator criterion under market economy conditions, as defined in Section 4.2 of the Notification or the rules for granting minimal assistance according to de minimis Regulation;
 - Apply the Eligibility requirements for Final recipients and investments;
 - Provide timely and reliable reporting, in accordance with the requirements of the Operational Agreement;
 - Ensure compliance with other applicable conditions agreed in the Operational Agreement;
 - Ensure compliance with other applicable EU and national acts concerning the EFSU.