Universities make available EUR 300,000 a year under the Seed Money scheme. A selection process is inevitable as, after the first five editions, a total of 41 projects have been selected out of 161 applications. The European Campus also reserves the right to allocate less than the amount requested. Finally, with the award notification, the partners are asked to provide a duly completed call for funds, in order that a bank transfer can be arranged. An updated budget may, if necessary, also be requested.