The project will be led by NTUA, which also coordinated RENESENG. Based on the success and experience acquired by RENESENG, the Project Steering Committee of RENESENG-II will apply the same approach of project governance, progress monitoring and decision making. The committee will meet at least once per year to plan and implement the research and innovation. Additional video conferencing are expected to take place on a more frequent basis, not only between the committee members but also with WP leaders, and seconded staff to monitor a smooth progress and identify risks. Prof. Kokossis as a project coordinator has a vast experience on successfully managing projects of similar size and activities. NTUA will set-up a local Project Management Team directed by the Project Coordinator, and including at least one Technical Quality Manager, who will coordinate all WP leaders, manages the technical work and implements the quality procedures to technically approve the work and deliverables. The Project Management Team will be the one dealing with day-to-day project coordination, technical management and administration, ensures the financial records, cost claims and administrative reports in accordance with programme guidelines. Financial management strategy: NTUA has extensive experience in managing research projects and international networks. The University has hosted a number of Marie Curie Fellows under FP7 Fellowship schemes (i.e. RENESENG) and the department participated in the BIOCORE integrated project of FP7, one of the most important biorefinery European projects. Each partner institute will receive, manage, and carry the sole responsibility for its local funds. 30% of the Institutional Unit Cost will be held in a central budget, controlled by the SB and administered by the Network Administrator (in NTUA). It will be used for central activities (meetings, etc.). The exact modalities will be included in the Consortium Agreement. In addition, the Network Administrator will verify cost reports submitted by each team periodically before they are passed on to the Commission and will advise the teams accordingly.The Partnership Agreement at the start of the project will establish the details of the exchanges in terms of the WP tasks of each individual researcher. It will also establish the rules for ownership of background and foreground IP. NTUA will maintain an overall record of project expenditures, for reporting and monitoring by the Project Steering Committee.